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9 Cards in this Set
- Front
- Back
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Discretionary Income
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What you have left over after you have paid your bills
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Principal
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The amount of money deposited by a saver
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Interest
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For use of the savers money, the financial institution pays the saver money
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Compound Interest
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interest computed on the original principal plus accumulated interest
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Annual Percentage Yield
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To solve this problem, the law requiresall financial institutions to tell consumers.
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Share Account
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A savings account at a credit union.
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Securities
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are stocks and bonds issued by corportions or by the government.
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Stockbroker
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Investors buy and sell securities
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Liquidity
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is the ability of an asset a resource owned to be converted into cash quickly without loss of value.
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