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11 Cards in this Set
- Front
- Back
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discretionary income
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money that is left over when bills have been pain.
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principal intrest
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amount borrowed, or the unpaid portion of the amount borrowed, on which the borrower pays intrest.
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compound intrest
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intrest computed on the original principla plus accumilated intrest.
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annual precentage yield (APY)
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the actual intrest rate an account pays per year, with compounding included.
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share accounts
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a savings account at a credit union; the shares are part ownership in the credit union.
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securities
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stocks and bonds issued by corporations or by the government.
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stockbroker
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an employee of a brokerage firm, who buys and sells securities for investors.
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liquidity
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the ability of an asset to be converted into cash quickly without the value loss.
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certificate of deposit (CD)
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a deposit the earns a fixed intrest rate for a specified length of time.
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maturity date
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the date on which an investment becomes due for payment.
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money market account
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a combination savings-investment plan in which money deposited is udes to purchase safe, liquid securities.
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