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6 Cards in this Set
- Front
- Back
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Option |
a contract that gives teh owner the right to either buy or sell a specified asset during a limited time period for a stated price |
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debenture |
an unsecured corporate bond for which the corporate borrower does not pledge any assets or income as security |
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mutual fund share |
a share in a fund operated by an investment company that raises and pools money from shareholders and invests it in stocks,bonds, and other securities |
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variable annuity contract |
an annuity contract under which the amount of the accumulated value and of periodic annuity benefit payments fluctuate in accordance with the performance of a specified pool of investments |
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variable life insurance contract |
a life insurance contract under which the death benefit and the cash value of the policy fluctuate according to the investment performance of a specified pool of investments |
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stock exchange |
an organized marketplace where specific types of securities, such as common stocks and bonds, are bought and sold by members of the exchange |
