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Savings & Investing

TermDefinition
Savings The money one has saved, especially through a bank or investment plan.
Investment The action or process of investing money for profit or material result.
return on investment performance metric that evaluates the profitability of an investment by comparing the net profit to the cost of the investment.
compound interest Interest calculated on both the initial principal and the accumulated interest from previous periods.
stock The goods or merchandise kept on the premises of a business or warehouse and available for sale or distribution.
bond Loans made to governments, government agencies, or corporations in exchange for a set interest rate payment.
diversification Risk management strategy in finance that involves spreading investments across various asset classes, sectors, and geographies to reduce the impact of any single investment's poor performance.
retirement account tax-advantaged investment account designed to help individuals save for their future and is a specialized type of savings account.
stock market platform where individuals and institutions buy and sell shares of publicly listed companies.
dividend distribution of a portion of a company's earnings to its shareholders, representing a reward for their investment.
mutual fund financial vehicle that pools money from many investors to purchase a diversified portfolio of securities, such as stocks, bonds and other assets.
common stock Fractional ownership in a corporation and gives shareholders the right to vote on corporate matters and a residential claim on its assets and income.
preferred stock Class of ownership in a company that has a higher claim on assets and earnings than common stock.
corporate bond debt security issued by a company to raise capital, which functions like a loan from investors to the corporation.
government bond Debt security issued by a government to raise money for public spending, with the government promising to repay the principal amount of a specific maturity date and pay periodic interest payments
beneficiary An individual, organization, or trust designated to receive assets from a will, account, or contract upon the owner's death.
executor An individual or institution named in a will to administer a deceased person's estate.
trust A fiduciary arrangement where one party, the trustee, holds and manages assets on behalf of another party, the beneficiary, for their benefit.
estate The total sum of all assets and liabilities a person owns at the ime of their death or bankruptcy.
will A legal document that outlines how an individual's assets will be distributed after their death, including specifying who inherits property, who will be the guardian for minor children, and who will act as the executor to manage the estate.
power of attorney A legal document that grants an agent the authority to manage a person’s financial affairs on their behalf.
investment liquidity The ease and speed with which an asset can be converted into cash without significantly affecting its market price.
probate The legal process of settling a deceased person's estate, which involved a court- supervised process to pay debts and distribute assets according to their will or state law.
personal financial planning The continuous and systematic process of managing an individuals or households entire financial situation- including income, expenses, savings, investments, and risk management.
estate planning the total sum of all assets and liabilities a person owns at a time of their death or bankruptcy.
Created by: user-1991538
 

 



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