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Stack #4569149
| Question | Answer |
|---|---|
| savings | an economy of or reduction in money, time, or another resource |
| investment | is the commitment of current financial resources (money, time, or effort) with the expectation of achieving higher gains or appreciation in value in the future. |
| return on investment | is a performance metric that evaluates the profitability of an investment by comparing the gain or loss against the initial cost of the investment |
| compound interest | when you earn interest on both your initial principal and any accumulated interest from previous periods |
| stock | a type of security that represents ownership in a company. |
| bond | a loan made by an investor to a government, agency, or corporation, which repays the principal with interest over a set period. |
| diversification | the act or process of diversifying; state of being diversified |
| retirement account | a specialized, tax-advantaged investment account designed to help individuals save money for their post-working years. |
| stock market | a stock exchange |
| dividend | a payment made by a company to its shareholders, often in cash, based on a per-share amount. |
| mutual fund | A mutual fund is a professionally managed investment that pools money from many investors to purchase a diversified portfolio of securities, such as stocks, bonds, and money market instruments |
| common stock | Common stock represents equity ownership in a company, giving shareholders the right to vote on corporate decisions and a claim on residual profits through dividends |
| preferred stock | Preferred stock is a hybrid security that blends features of both stocks and bonds, offering a fixed dividend and priority over common stock for dividends and assets. |
| corporate bond | A corporate bond is a debt instrument issued by a company to raise capital, and it functions like a loan from an investor to the corporation. |
| government bond | A government bond is a debt-based investment where an individual loans money to a government for a set period in exchange for regular interest payments |
| beneficiary | a person who derives advantage from something, especially a trust, will, or life insurance policy. |
| executor | is the person or entity legally responsible for carrying out the instructions in a deceased person's last will and testament |
| trust | funds held by a third party, such as a real estate broker or lawyer, on behalf of others. |
| estate | an extensive area of land in the country, usually with a large house, owned by one person, family, or organization. |
| will | a legal document that details how your money and other assets should be distributed after your death. |
| power of attorney | is a legal document that gives one person the authority to act on another person's behalf in legal or financial matters |
| investment liquidity | is the ease and speed with which an asset can be converted into cash without a significant loss in value. |
| probate-the court | supervised process of administering a deceased person's estate, which involves proving the validity of their will, paying debts and taxes, and distributing the remaining assets to beneficiaries. |
| personal financial planning | is the process of managing your money to achieve your financial goals by evaluating your current financial status and creating a strategy for income, expenses, savings, and investments. |
| estate planning | the legal and financial process of arranging for the management and distribution of a person's assets after their death or incapacitation. |
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user-1986147