Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
12 Cards in this Set
- Front
- Back
|
Discretionary Income
|
What you have left over after you have paid your bills.
|
|
|
Principal
|
The amount of money deposited by a saver.
|
|
|
Interest
|
Money paid for the use of money.
|
|
|
Compound Interest
|
Interest computed on the original principal plus accumulated interest.
|
|
|
Annual Percentage Yield (APY)
|
The actual interest rate an account pays per year, with compounding included.
|
|
|
Share Account
|
A savings account at a credit union.
|
|
|
Securities
|
Stocks and bonds issued by corporations or by the government.
|
|
|
Stockbroker
|
Works for the brokerage firm.
|
|
|
Liquidity
|
The ability of an asset to be converted into cash quickly w/o loss of value.
|
|
|
Certificate Of Deposit
|
A deposit that earns a fixed interest rate for a specified length of time.
|
|
|
Maturity Date
|
The date on which an investment becomes due for payment.
|
|
|
Money Market Account
|
A combination savings-investment plan in which money deposited is used to purchase safe, liquid securities.
|
