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Epargner d'Investir
Saving and Investing
| Question | Answer |
|---|---|
| Savings | income PART we don't spend. |
| Investing | using your money to get a better return than you would get in interest from an ordinary deposit account with a finnancial institution. |
| Building Societies | financial institution, provides a wide range of banking facilities to their customers which help them to buy new homes. |
| Credit Unions | organisation, where a group of people, COMMON BOND, save regularly and lend to each other at very reasonable rates of interest. |
| An Post | major commercial organisation providing postal, communication, money transmission and retail services to business and personal people. |
| Postal Money Order | ORDER from one post office to another to pay a stated sum of money to the person named on the order. |
| Simple Interest | where the interest is calculated as a percentage of the amount of money you have put into the A/C. |
| Compound Interest | where the interest is calculated as a percentage of the amount in the A/C at the end of each year. |
| Compound Annual Rate (CAR) | the true rate of interest you are recieving on your savings or investment from a financial institution. |
| Equivalent Annual Rate (EAR) | ?? |
| Deposit Interest Retention Tax (DIRT) | tax you pay on the interest earned from your savings. |
Created by:
businesspook
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