Shared Flashcard Set

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Personal Finance
26
Finance
10th Grade
03/27/2012

Additional Finance Flashcards

 


 

Cards

Term
Appreciation
Definition
Increase in the value of an investment
Term
Capital gain
Definition
Income earned when the selling price is greater than the purchase price
Term
Stock
Definition
A share in the ownership of a corporation
Term
Dividend
Definition
A portion of a company's earnings paid to stockholders
Term
Common stock
Definition
Earn dividends declared by the company
Term
Preferred stock
Definition
Receive regular dividends at a set rate
Term
securities exchange
Definition
A formal market where securities are bought and sold by stockbrokers
Term
Stockbroker
Definition
An agent who buys and sells securities for clients
Term
Bond
Definition
A certificate of debt issued by a corporation or government
Term
Mutual fund
Definition
Created by pooling the money of many people and investing it in a collection of secutities
Term
Net asset value
Definition
The funds assets minus its liabilities
Term
Money market fund
Definition
A type of mutual fund that deals only in high interest
Term
Bull market
Definition
An ectended period of consumer confidence and optimism when stock prices rise
Term
Bear market
Definition
An extened period of uncertainty and pessimism when stock prices fall
Term
Investment portfolio
Definition
A coolection of securities
Term
Diversification
Definition
Spreading risks
Term
Prospectus
Definition
A legal document that gives a detailed drscription of a security
Term
Dollar-cost Averaging
Definition
A strategy of investing a fixed amount
Term
Annuity
Definition
A contract with an insurance company
Term
Estate
Definition
refers to the assets and liabilities a person leaves when he or she dies
Term
Executor
Definition
A person appointed to carry out the terms outlined in their will
Term
Will
Definition
A legal document stating a person's wishes
Term
Trustee
Definition
A person or institution named to manage assets
Term
Living will
Definition
A statement of instructions
Term
Trust
Definition
A legal document that gives a named trustee
Term
Probate court
Definition
The government institution that processes a deceased infividual's will and estate
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