Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.

Remove Ads
Don't know
remaining cards
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards

Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Finance 2012


The ability of an aset to be converted into cash quickly without loss of value. liquidity
The dat on which an investment becomes due for payment. maturity date
Money paid by the financial institution for the use of the saver's money. interest
A savings account at a credit union. share account
A sum of money in a savings account on which interest is earned. principal
Interest computed on the principle plas accumulated interest. compound interest
The amount of money left over after the bills are paid. discretionary income
A person who buys and sells securities for investors. stockbroker
A combination saving-investment plan in which the money deposited is used to purchase safe, liquid securities. money market account
A deposit that earns a fixed interest rate for a specified length of time. certificate of deposit
Stocks and bonds issued by corporations or by the government. securities
The actual interest rate an account pays per year, with compouning included. annual percentage yield
A bond purchased for less than its maturity value. discount bond
A contract sold by an insurance company that provides the investor a series of regular payments, ususally after retirement. annuity
An investment strategy for spreading the risk amoung different types o investments. diversification
The use of savings to earn a financial return. investing
A rise in the general level of prices. inflation
The chance that an investemnt's value will decrease. risk
An SEC-required summary of a corporations financial results for the year and prospects for the future. annual report
A unit of ownership in a corporation. stock
Professional investent planners who are trained to give investemnt advice. financial advisor
An investment that represents the debt of a company or a government. bond
A professionally managed group of investments bought using a pool of money from many investors. mutual fund
Contracts to buy and sell commodities or stocks for a specified price on a specified dat in the future. futures
The right, but not the obligation, to buy or sell a commodity or stock for a specified price within a specified time period. option
Low-priced stocks of small companies that have no track record. penny stocks
Technique for estimating the number of years required to double your money at a given rate of return. rule of 72
All that a person owns, less debt owed, at the time of the person's death. estate
A compnay-sponsored retirement plan in which employees recieve, at normal retirement age, a specified amount based on wages earned and number of years of service. defined-benefit plan
A loan against the equity in the borrower's home in which the lender moves tax-free monthly payments to the borrower. reverse morgage
A retirement savings plan that allows individuals to set aside up to $2,000 per year and delay paying tax on the earnings until thata begin wihtdrawing it at age 59 1/2 or later. individual retirement account
A legal document that tells how a decendent wishes his or her property to be distributed after death. will
People who recive property from someone who has died. heirs
A legal document that empowers a trustee to control property for ultimate distribution to a beneficiary. trust
A federal tax on property transferred from deceased people to their heirs. estate tax
A state tax on an heir who recieves property froma deceased person's estate. inheritance tax
A tax-deffered retirement savings plan available to self-employed individuals. Keogh plan
A company-sponsored retirement plan in which employees may choose to contribute part of their salary as a tax-deferred investment. defined-contribution plan
Preparing a plan for transferring property during one's lifetime and at one's death. estate planning
A legal document that makes small changes to a will. codicil
A legal document authorizing someone to act on your behalf. power of attorney
A tax on a gift of money or property, to be paid by the giver, not the receiver, of the gift. gift tax
Money borrowed to buy something now, with the agreement to pay for it later. credit
An agreement to have a service performed now and pay for it later. service credit
Laws setting maximum interest rates that may be charged for loans. usury laws
A legal business that makes high interest loans based on the value of personal possessions pledged as collateral. pawnbroker
A pre-established amount that can be borrowed on demand with no collateral. line of credit
A service to credit customers whereby purchases are not billed for several months. deferred billing
Unlicensed lenders who charge illegally high interest rates. loan sharks
An agreement to lend the borroweer an amount up to a stated limit and to allow borrowing up to that limit again, whenever the balance falls below the limit. open-ended credit
A loan for a specific amount that must be repaid, in full, including all finance charges, by a stated due date. closed-end credit
Property owned that is worth more than the owner's debt. capital
Propery pledged to assure repayment of a loan. collateral
Total dollar amount of all interest and fees you pay for the use of credit. finance charge
The cost of credit expressed as a yearly percentage. annual percentage rate
A person or company hired by a creditor to collect the overdue balance on an account. debt collector
A business that accumulates, stores, and sells credit information to subscribers. credit bureau
A responsible attitude towards living up to agreements, often judged on evidence in the person's credit history. character
A written statement of a consumer's credit history, issued by a credit bureau to its business subscribers. credit report
The financial ability to repay a loan with present income. capacity
A complete record of a person's borrowing and repayment performance. credit history
Treating people differently based on prejudice rather than individual merit. discrimination
A measure of creditworthiness based on an analysis of the consumer's financial history. credit rating
An on-campus building that contains many small rooms that colleges rent to students. dormitory
A building with the same idea as a dorm but you are responsible for cleaning, maintenance, and cooking in exchange for a lower rent. housing cooperative
A living space that is one big room. studio apartment
A living space that has two stories. townhouse
An amount of money paid upfront in order to secure your apartment. deposit
One livien space divided out into tow seperate living spaces. duplex
Individually owned apartment style living spaces. condminiums
A refundable amount of money paid in advance to protect the owner against damage or non-payment. security deposit
A non-refundable amount that you pay for a service. fee
The owner of a rental property. landlord
The person who rents from the landlord. tenant
A written agreement that allows a tenant to use the property for a specified time period and rent. lease
A legal document that establishes ownership. title
The expenses incurred in transferring ownership from buyer to seller in a real estate transaction. closing costs
A real estate marketing service in which agents from many real estate agencies pool their home listings and agreee to share commissions on the sales. multiple listing service
The highest price that a property can sell for. market value
A mortgage on which the interest rate doesn't change during the term of the loan. fixed-rate mortgage
A formal agreement to the terms of an offer, forming a contact between the parties. acceptance
A legal document that transfers titles of real property from one party to another. deed
A formal document that expresses interest in entering into a contract with someone else. offer
The difference between the market value of property and the amount owed on it. equity
An offer in response to another offer. counter offer
A portion of the purchase price that the buyer deposits as evidence of good faith to show that the purchase offer is serious. earnest money
A financial claim on property. lien
A mortgage for which the interest rate changes in response to the movement of interest rates in the economy. adjustable-rate mortgage
A mortgage finance charge paid by the borrower at closing, with each point being equal to 1% of the loan amount. points
Finding out how much money you will be qualified to borrow before making a purchase. pre-approval
What you learn the history of any car from. vehicle identification number
A test to verify that a car meets the minimum clean-air standards. emissions test
The manufacturers suggested retail price on the tag. sticker price
A price somewhere between the sticker price and the invoice price. fair price
High priced, high profit dealer services that add little or no value to the car, but are added to make the dealer more money. dealer add-ons
A written agreement that allows you to use the car for a certain time period and monthly payment. car lease
A car with substantial defects that the manufacturer has been unable to fix. lemon
When a car permanantly loses its color and shine because of a chemical reation with the air. oxidize
Created by: cfh13ballet