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Personal Finance Ter
Armuchee Personal Finance Terms
| Question | Answer |
|---|---|
| Stock whose dividends are based on market fluctuations. | Common Stock |
| Tax for which the percentage of tax remains the same for all income levels. | Proportional Tax |
| Tax for which the percentage of tax increases as income increases. | Progressive Tax |
| Tax for which the percentage of income paid in taxes decreases as income increases. | Regressive Tax |
| Money an investor receives over and above the amount initially invested. | Return |
| Market for selling financial assets that can only be redeemed by the original holder. | Primary Market |
| Market for reselling financial assets. | Secondary Market |
| Interest that is paid on principle and interest. | Compound Interest |
| Interest that is earned only on initial deposit or money borrowed. | Simple Interest |
| Fund that pools money of many people to invest in a variety of stocks, bonds or other financial assets. | Mutual Funds |
| Formal contract to repay borrowed money with interest at fixed intervals. | Bonds |
| Certificate of ownership in a corporation. | Stocks |
| Stock whose dividends are based on an annual rate of return. | Preferred Stock |
| Stock that reinvests dividends in more stocks. | Growth Stock |
| Stock that pays regular dividends. | Income Stock |
| Portion of corporate profits paid out to stockholders. | Dividends |
| Market in which money is lent for periods of less than a year. | Money Market |
| Market in which money is lent for periods longer than a year. | Capital Market |
| Investing done by individuals. | Personal Investing |
| Investing done by businesses. | Economic Investing |
| Insurance that a person purchases when they buy a house. | Property Insurance |
| Insurance that covers needs such as doctor’s visits and hospital visits. | Health Insurance |
| Insurance that a person purchases when they buy a car. | Auto Insurance |
| Threat of losing money. | Risk |
| Postpone spending in order to meet short term goals. | Saving |
| Exchanges money for something with the future expectation of receiving a profit. | Investing |
| Banks that offer checking services, accept deposits, and make loans. | Commercial Banks |
| Chartered to lend money for home-building in the mid-1800s. | Savings and Loan Associations |
| Traditionally served people who made smaller deposits and transactions than commercial banks wished to handle. | Savings Bank |
| Cooperative lending associations for particular groups, usually employees of a specific firm or government agency. | Credit Unions |
| Institutions that make installment loans to consumers. | Finance Companies |
| Low denomination bonds issued by the U.S. government | Savings Bond |
| Bonds are issued by state or local governments to finance such improvements as highways, state buildings, libraries, and schools. | Municipal Bonds |
| Bond that a business issues to raise money to expand. | Corporate Bond |
| Lower-rated, potentially higher-paying bonds. | Junk Bonds |
| The financial gain received when you sell a stock for more than you purchased it for. | Capital Gains |
| Division of a single share of stock into more than one share. | Stock Split |
| Country’s largest stock exchange | New York Stock Exchange |
| Exchange that specializes in high-tech and energy stock. | NASDAQ-AMEX |
| An index that shows how stocks of 30 companies in various industries have changed in value. | Dow Jones Industrial Average |
| An index that tracks the performance of 500 different stocks. | S&P 500 |
| A tax on a person’s income | Income Tax |
| A tax on the dollar value of a good or service being sold | Sales Tax |
| A tax on the value of property | Property Tax |
| A tax on the value of a company’s profits | Corporate Tax |
| The ability of a consumer to obtain goods or services before payment, based on an agreement to pay later | Credit |
| The price of using someone else’s money | Interest |
| A record of an individual’s personal credit history | Credit Report |
| Can be used to repay the debt in case the borrower defaults on the loan | Collateral |
| Insurance that pays out a sum of money on the death of the insured person to the heirs. | Life Insurance |
Created by:
Armuchee
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