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Savings & Investing

QuestionAnswer
savings reducing expenses and collection
investment the process of investing money for a profit
return on investment comparing the gain and loss of an investment compound interest-interest earned on an investment and the already existing interest from before
stock goods kept on the premise of a business available to purchase
bond loan made to a corporation with a set interest rate
diversification changing the types of investments from many types of income
retirement account a type of account that helps people same money for the future stock market-a place where stocks are purchased and exchanged
dividend a sum of money paid by a company to its shareholders
mutual fund pool of investments managed by a professional
common stock represents equity ownership in a company
referred stock blends both stocks and bonds
corporate bond bond controlled to make a profit
government bond when an individual loans money to the government in exchange for interest payments
beneficiary- a person derives benefit to someone
executor someone who has the ability to control a dead person's estate
trust legally binding between one party and other party estate- properties
will legal document that organizes where assets will go after someone dies
power of attorney legal document that gives someone the ability to act as someone else
investment liquidity how easily an investment can be turned into cash
probate a court supervised process of controlling the assets of someone who passed
personal financial planning- a plan on how you will use your money
estate planning the process of preparing how your assets will be distributed
Created by: user-1986138
 

 



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