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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 metric that measures the profitability of an investment by dividing its net profit by its cost. |
| compound interest | interest computed on the sum of an original principal and accrued interest |
| stock | a store or supply accumulated or available |
| bond | something that binds or restrains |
| diversification | the act or practice of spreading investments among a variety of securities or classes of securities |
| retirement account | a specialized, tax-advantaged investment account designed to help individuals save money for their future after they stop working |
| stock market | a market for particular stocks |
| dividend | an individual share of something distributed |
| 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 | stock other than preferred stock |
| preferred stock- | -stock guaranteed priority by a corporation's charter over common stock in the payment of dividends and usually in the distribution of assets |
| corporate bond | debt security issued by a corporation to raise money for various business purposes, such as expansion, new equipment purchases, or acquisitions |
| government bond | debt security where an investor loans money to a government in exchange for regular interest payments (coupons) and the return of the original principal when the bond reaches its maturity date |
| beneficiary | a person or thing that receives help or an advantage from something : one that benefits from something |
| executor | one who executes something |
| trust- | a fiduciary relationship in which legal title to someone's property or money is held by another person or entity (as a bank) |
| estate | a landed property usually with a large house on it- |
| will | -a legal declaration of a person's wishes regarding the disposal of their property or estate after death |
| power of attorney | a legal instrument authorizing one to act as the attorney or agent of the grantor |
| investment liquidity | the ability to convert an asset into cash quickly without losing significant value |
| probate- | legal matters that fall under the jurisdiction of a probate court |
| personal financial planning | is the process of managing your money to achieve your personal financial 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.khalana.castlin