Upgrade to remove ads
Busy. Please wait.
Log in with Clever
or

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever
or

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.
Your email address is only used to allow you to reset your password. See 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.

Financial Markets

        Help!  

Term
Definition
Saving   absence of spending that frees resource for use in other activities or investments  
🗑
Savings   the dollars that become available for investors to use when others save  
🗑
Certificate of Deposit   document showing an investor has made an interest-bearing loan to financial institution  
🗑
Financial Asset   a stock or other document that represents a claim on the income and property of a borrower, such as a CD, bond, Treasury bill, or mortgage  
🗑
Financial System   network of savers, investors, an financial institutions working together to transfer savings for investment uses  
🗑
Financial Intermediary   institution that channels savings to investors  
🗑
Nonbank Financial Institution   nondepository institution that channels savings to investors  
🗑
Finance Company   firm that makes loans directly to consumers and specializes in buying installment contracts from merchants who sell on credit  
🗑
Premium   price paid at regular intervals for an insurance policy  
🗑
Pension   regular payment to someone who has worked a certain number of yrs, reached certain age, or suffered injury  
🗑
Pension Fund   fund collects and invests income until payments made to eligible recipients  
🗑
Risk   situation in which outcome is not certain, but the probabilities can be estimated  
🗑
Bond   contract to repay borrowed money and interest on borrowed money at regular future intervals  
🗑
Coupon Rate   stated interest on a corporate, municipal, or gov bond  
🗑
Maturity   life of a bond or length of time funds are borrowed  
🗑
Par Value   principal of a bond or total amount borrowed  
🗑
Current Yield   bond’s annual coupon interest divided by purchase price; measure of bond’s return  
🗑
Junk Bond   bond carrying exceptionally high risk of nonpayment and a low rating  
🗑
Municipal Bond   bond, often tax exempt, issued by state and local govs  
🗑
Tax-Exempt   non subject to tax by fed or state gov  
🗑
Savings Bond   low-denomination, non-transferable bond issued by fed gov  
🗑
Beneficiary   person designated to take ownership of an asset if owner of asset dies  
🗑
Treasury Note   U.S. gov obligation with maturity of 2 to 10 yrs  
🗑
Treasury Bond   U.S. gov bond with maturity of 10 to 30 yr  
🗑
Treasury Bill   short-term U.S. gov obligation with maturity of one yr or less in denominations of $1,000  
🗑
Individual Retirement Account (IRA)   retirement account in form of long-term time deposit with annual contributions not taxed until withdrawn during retirement  
🗑
Capital Market   market in which financial capital is loaned and/or borrowed for more than one yr  
🗑
Money Market   market where financial capital is loaned and/or borrowed for one yr or less  
🗑
Primary Market   market in which only original issuer can sell or repurchase financial asset  
🗑
Secondary Market   market where financial assets can be sold to someone other than original issuer  
🗑
Equities   stocks that represent ownership shares in corporations  
🗑
Stockbroker   person who buys or sells securities for investors  
🗑
Efficient Market Hypothesis (EMH)   argument that stocks are always priced about right because they are closely watched (supply and demand)  
🗑
Portfolio Diversification   strategy of holding diff investments to protect against risk  
🗑
Mutual Fund   company that sells stock in itself and uses the proceeds to buy stocks and bonds issued by other companies (collect money and then invest; diversify portfolio)  
🗑
Net Asset Value (NAV)   the market value of mutual fund share found by dividing net value of fund by number of shares issued  
🗑
401(k) Plan   tax-deferred investment and savings plan that acts as a personal pension fund for employees  
🗑
Stock Exchange   physical place where buyers and sellers meet to exchange securities  
🗑
Securities Exchange   physical place where buyers and sellers meet to exchange securities  
🗑
Over-the-Counter Market (OTC)   electronic marketplace for securities not listed on organized exchanges such as the NYSE  
🗑
Dow Jones Industrial Average (DJIA)   measure of stock market performance based on 30 representative stocks  
🗑
Standard & Poor's 500 (S&P 500)   measure of stock market performance based on 500 stocks traded on the NYSE, AME, and OTC market  
🗑
Bull Market   period during which stock market prices move up for several months or yrs in a row  
🗑
Bear Market   period during which stock market prices move down for several months or yrs in a row  
🗑
Spot Market   market in which a transaction is made immediately at the prevailing price  
🗑
Futures Contract   agreement to buy or sell at a specific date in the future at a predetermined price  
🗑
Option   futures contract giving a buyer the right to cancel the contract  
🗑
Call Option   futures contract giving buyer right to cancel a contract to buy something  
🗑
Put Option   futures contract giving buyer right to cancel a contract to sell something  
🗑


   

Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
 
To hide a column, click on the column name.
 
To hide the entire table, click on the "Hide All" button.
 
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
 
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.

 
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
Created by: Damma15724
Popular Economics sets