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Savings & Investment
| Question | Answer |
|---|---|
| Savings | the act or an instance of economizing |
| Investment | he outlay of money usually for income or profit : capital outlay also : the sum invested or the property purchased |
| Return on investment | measure used to evaluate the efficiency of an investment by comparing its profit or loss to its cost |
| Compound interest | interest on your initial principal plus the accumulated interest from previous periods |
| Stock | the capital raised by a business or corporation through the issue and subscription of shares. |
| Bond | financial instrument for borrowing money, a legal agreement to perform an action |
| Diversification | the practice of spreading investments across various asset types, such as stocks, bonds, and real estate, to reduce risk and volatility. |
| Retirement account | a savings plan designed to help people save money for when they stop working, offering tax advantages to help savings grow faster. |
| Stock market | a network of exchanges and online marketplaces where investors buy and sell shares of publicly traded companies. |
| Dividend | a sum of money paid regularly (typically quarterly) by a company to its shareholders out of its profits |
| Mutual fund | pools money from many investors to buy a diversified portfolio of stocks, bonds, or other securities |
| Common stock | equity ownership in a corporation, granting shareholders voting rights and a claim on profits through dividends or capital appreciation |
| preferred stock | stock that entitles the holder to a fixed dividend, whose payment takes priority over that of common-stock dividends. |
| corporate bond | a debt instrument issued by a corporation to raise capital for things like expansion or debt refinancing |
| government bond | a debt security issued by a government to fund public spending |
| Executor | a person or institution appointed by a testator to carry out the terms of their will. |
| Trust | - a legal arrangement for managing assets |
| Estate | the total property a person owns at death, including assets and liabilities, or a large property with a mansion and grounds |
| Will | a legal document that expresses your wishes for how your assets should be distributed after you die |
| power of attorney | a legal document that gives one person (the agent) the authority to act on behalf of another person (the principal) for financial or healthcare matters |
| investment liquidity | the ease and speed with which an investment can be bought or sold at a fair market price without a significant loss |
| Probate | the court-supervised process of administering a deceased person's estate, which involves validating the will, appointing an executor, gathering assets, paying debts, and distributing remaining property to beneficiaries |
| personal financial planning | the process of managing your money to achieve your personal financial goals. |
| estate planning | the process of arranging the transfer and management of your assets and personal affairs in anticipation of your incapacitation or death |
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