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savings & investing
| Term | Definition |
|---|---|
| savings | money put by |
| investment | the outlay of money usually for income or profit |
| return on investment | a performance measure used to evaluate the efficiency of an investment or compare the efficiency of several investments |
| compound investment | interest computed on the sum of an original principal and accrued interest |
| stock | the proprietorship element in a corporation usually divided into shares and represented by transferable certificates |
| bond | an obligation made binding by a forfeit of money also : the amount of the money guarantee |
| diversification | the act or practice of spreading investments among a variety of securities or classes of securities |
| retierment account | a trust that holds investment assets purchased with a taxpayer's earned income for the taxpayer's eventual benefit in old age |
| stock market | a trading network that connects investors looking to buy and sell stocks and their derivatives |
| dividend | the percentage of a company's earnings that is paid to its shareholders as their share of the profits |
| mutual fund | an open-end investment company that invests money of its shareholders in a usually diversified group of securities of other corporations |
| common stock | shares entitling their holder to dividends that vary in amount and may even be missed, depending on the fortunes of the company |
| preferred stock | Preferred stock is a hybrid security that integrates features of both common stocks and bonds. |
| corporate bond | a debt issued by a company in order for it to raise capital |
| government bond | a form of bond issued by a government to support public spending |
| beneficiary | the person designated to receive the income of an estate that is subject to a trust |
| executors | the person appointed by a testator to execute a will |
| trust | reliance on future payment for property (such as merchandise) |
| estate | the assets and liabilities left by a person at death |
| will | a legal document that coordinates the distribution of your assets after death and can appoint guardians for minor children |
| power of attorney | a legal instrument authorizing one to act as the attorney or agent of the grantor |
| investment liquidity | how easily or quickly a security can be bought or sold in a secondary market |
| probate | the analysis and transfer administration of estate assets previously owned by a deceased person |
| personal financial planning | the process of taking a comprehensive look at your financial situation and building a specific financial plan to reach your goals |
| estate planning | the arranging for the disposition and management of one's estate at death through the use of wills, trusts, insurance policies, and other devices |
Created by:
s.ekaria.bowden