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A large sum of cash you pay up front when you purchase a home is called a(n)
down payment.
Cash allowances awarded to students to help pay education costs are called
scholarships.
Loan consoldiation
means that all of an individual's student loans are combined into one large loan, resulting in monthly payment.
Grants
are forms of educational funding that do not have to be repaid and usually do not require students to maintain certain standards.
The amount of money you deposit into a savings account is called the
principal.
Credit unions
are not-for-profit organizations established by groups of people who pool their money.
A(n) brokerage firm
is a company that buys and sells different types of stocks and bonds.
Liquidity
is a measure of how quickly you can get your cash without loss of value.
The date on which an investment becomes due for payment is the
maturity date.
Safety of principal
means that you are guaranteed not to loose your savings deposit, even if the bank or other financial institution fails and goes out of business.
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