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14 Cards in this Set

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  • Back
interest
a sum paid or charged for the use of money or for borrowing money
investment
the investing of money or capital in order to gain profitable returning interest income, apprecation,value
savimgs
sums of money saved by economy and laid away
simple interest
interest paid on an intial investment only simple interest is calculated multiplying the investedment principal lines the annual rate of interest times the number of years invovled
net worth
the total assets of a business minus its total liabilities
inflation
a peristent subtantail rise in the general level of prices realted to an increase in the volume of money and resulting in the loss of currency
risk
the amount that the insurance company may lose
liquidity
the ability or ease with which assets can be converted into cash
FDIC
Federal Deposit Insurance
a federal sponsored corporation that insures accounts in national banks and other qualified institutions
mutal funds
a pool of money used by an investment company to purchase sercurities of many corporations
stock
the shares of a particular company or company
certificate of deposit
a cetificate respresenting a fixed term interest bearing deposit in large demoniations which can be bought or sold
savings bond
US savinngs bond can be bought at a ban or through pay roll, federal taxes must be paid on the interest earn there is no fee for buying or selling
IRA
taxed deferred retirement funds
traditional IRA 1974- employees without a pension to make a tax advantage contribution to a retirement account and a place to transfer employee benefits to maxium contribution is $4000, per year unless older than 50 in that case it is $5000