Shared Flashcard Set

Details

investing and estate planning
personal finance
26
Finance
10th Grade
03/26/2012

Additional Finance Flashcards

 


 

Cards

Term
appreciation
Definition
refers to an increase in the value of an invetsment
Term
capital gain
Definition
is income earned when selling price is greater than the purchases price
Term
stock
Definition
is a share in the ownership of a corporation
Term
dividend
Definition
is a portion of a company's earnings paid to stockholders
Term
common stock
Definition
earn dividends declared by the company
Term
preferred stock
Definition
recieve regular dividends at a set rate
Term
securities exchange
Definition
is formal market where securities are bought and sold by stockbrokers
Term
stockbroker
Definition
is an agent who buys and sell securities for clients
Term
bond
Definition
is a certificate of debt issued by a corparation or government
Term
mutual fund
Definition
is created by pooling the money of many people and investing in it collection of securities
Term
net asset value
Definition
is fund's assets minus its liabilites
Term
money market fund
Definition
is a type of mutual fund that deals only in high interst, short-term invetsments paper
Term
bull market
Definition
is an extended period of consumer conidence and optimism when stock prices rise
Term
bear market
Definition
is an extened period of uncertainly and pessimsm when stock price fall
Term
investment portfolio
Definition
is collection of securities and other assets a person own
Term
diversification
Definition
refers to spreading risk by putting money in a variety of invesments
Term
prospects
Definition
is alegal document that gives a deetailed desrciption of a security
Term
dollar-cost averaging
Definition
is a stragegy of investing a fixed a ffixed dollar amount at regular intervals
Term
annuity
Definition
is acontract with an insurance company that provides regular income for a set period of time, for life
Term
estate
Definition
refers to the assets and liabilities a person leaves when he or she dies
Term
excutor
Definition
is a person appointed to carrt out the terms outlined in their will
Term
will
Definition
is alegal document stating a person's wishes for his or her estate after dealth
Term
trustee
Definition
is a person or insitution named to manage assets on behalf of the beneficiaries
Term
living will
Definition
or healthcare directive, is a statement of instuctions for specific medical treatmentr if aperson becomes unable to make medical decisions
Term
trust
Definition
is a legel document that gives a named trustee the authority to manage the assets
Term
probate court
Definition
is the goverment institution that process a deceased individual's will and estate
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