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19 Cards in this Set
- Front
- Back
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Finance |
all activities that involve locating, collecting, repackaging, and redistributing capital |
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consumption |
using up your money/capital by making a final purchase |
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investment |
a decision not to consume your money but instead put it to work to inorder to possibly recieve more money in the future |
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Financial intermediary |
a business that acts as a go between those with capital and those who want to use it -banks -investment dealers -pensions -insurance |
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Loan capital |
money lent and must be repaid |
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Debt capital |
money borrowed that must be repaided |
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Equity capital |
money in exchange for ownership |
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Bank |
deposit taking insitution, any business that accepts deposits of money from it's customers |
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Deposit |
to hand over money for safe keeping |
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Interest |
fee paid to the lender of money for the right to use the money until it is repaid |
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Return on investment |
the amount you make back on an investment |
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Net interest |
the difference between the interest that a bank collects from a borrower and the interest it pays to a depositor |
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Investment dealer |
financial intermediaries that help businesses raise capital by acting as an advisor and an agent in the process of becoming a public corp -> sell shares to the public |
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Agent |
individual/org that reps someone or an org |
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Stockbroker |
individ. that manages financial investments for clients |
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Investment bank |
name given to the division of the bank that is involved in investment dealing |
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Pension |
money person receives after they retire |
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Public pension |
a mandated government fund that you must contribute to when you work and is available to all citizens that work |
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Private pension |
a pension that is not offered by the government |
