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14 Cards in this Set
- Front
- Back
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interest
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a sum paid or charged for the use of money or for borrowing money
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investment
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the investing of money or capital in order to gain profitable returning interest income, apprecation,value
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savimgs
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sums of money saved by economy and laid away
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simple interest
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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
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net worth
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the total assets of a business minus its total liabilities
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inflation
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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
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risk
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the amount that the insurance company may lose
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liquidity
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the ability or ease with which assets can be converted into cash
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FDIC
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Federal Deposit Insurance
a federal sponsored corporation that insures accounts in national banks and other qualified institutions |
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mutal funds
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a pool of money used by an investment company to purchase sercurities of many corporations
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stock
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the shares of a particular company or company
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certificate of deposit
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a cetificate respresenting a fixed term interest bearing deposit in large demoniations which can be bought or sold
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savings bond
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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
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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
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