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Savings & Investing
| Term | Definition |
|---|---|
| savings | an economy of or reduction in money, time, or another resource. |
| investment | the action or process of investing money for profit or material result. |
| return on investment | How much money you get back from an investment |
| compound interest | interest that can change |
| stock | the goods or merchandise kept on the premises of a business or warehouse and available for sale or distribution. |
| bond | a relationship between people or groups based on shared feelings, interests, or experiences. |
| diversification | the action of diversifying something or the fact of becoming more diverse. |
| retirement account | a plan for setting aside money to be spent after retirement. |
| stock market | a stock exchange. |
| dividend | payments a company makes to share profits with its stockholders. |
| mutual fund | an investment program funded by shareholders that trades in diversified holdings and is professionally managed. |
| common stock | Common stock is a security that represents ownership in a corporation |
| preferred stock | shares of a company's stock with dividends that are paid out to shareholders before common stock dividends are issued |
| corporate bond | debt issued by a company in order for it to raise capital. |
| government bond | A government bond is a debt security issued by a government to support government spending and obligations |
| beneficiary | a person who derives advantage from something, especially a trust, will, or life insurance policy. |
| executor | a person who produces something or puts something into effect. |
| trust | investigates how individuals maintain trust when cooperating |
| estate | an extensive area of land in the country, usually with a large house, owned by one person, family, or organization. |
| will | expressing inevitable events. |
| power of attorney | financial and medical. In Georgia, power of attorney must meet certain basic requirements, including being signed by the principal, witnesses, and a notary public |
| investment liquidity | Liquidity generally refers to how easily or quickly a security can be bought or sold in a secondary market |
| probate | Probate is the process completed when a decedent leaves assets to distribute |
| personal financial planning | Personal finance is the financial management which an individual or a family unit performs to budget, save, and spend monetary resources over time, taking into account various financial risks and future life events |
| estate planning | Estate planning is the process of anticipating and arranging for the management and disposal of a person's estate during the person's life in preparation for a person's future incapacity or death. |
Created by:
Conor.conley
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