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9 Cards in this Set
- Front
- Back
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Investment
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The act of re-directing resources from being consumed today so that they may create benefits in the future; the use of assets to earn income or profit
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Financial System
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The system that allows the transfer of money between savers and borrowers
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Financial Asset
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Claim on the property or income of a borrower
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Financial Intermediary
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Institution that helps channel funds from savers to borrowers
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Mutual Fund
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Fund that pools the savings of many individuals and invests this money in a variety of stocks, bonds, and other financial assets
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Diversification
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Spreading out investments to reduce risks
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Portfolio
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A collection of financial assets
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Prospectus
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An investment report to potential investors
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Return
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The money an investor receives above and beyond the sum of money initially invested
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