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Definition
| an entity that lends money |
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| annual percentage rate (APR) |
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Definition
the cost of credit on a yearly basis
i.e 18% APR = pay $18 for every $100 owed |
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Definition
| credit as a loan with a certain limit on the amount of money you can borrow for a variety of goods and services |
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| a time period during which no finance charges will be added to your account |
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| the way you choose to spend your time and money |
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| lease or rent all or part of (a leased or rented property) to another person |
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| a type of insurance that covers the loss of a tenant's personal property as a result of damage or theft |
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| government regulated restrictions on how a particular piece of land can be used |
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Definition
| a form of security to help guarantee that the creditor will be repaid |
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| a long-loan extended to someone who buys property |
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| Many lenders believe that you have a higher stake in repaying a loan if you make a large down payment |
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Definition
| a measure of a person's ability and willingness to make credit payments on time |
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Definition
| businesses that collect debts for creditors |
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Definition
| a legal process in which some or all of the assets of a debtor are distributed among the creditors because the debtor is unable to pay his or her debts |
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Definition
| the reduction of a loan balance through payments made over a period of time |
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| Federal Housing Administration |
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Definition
| help home buyers obtain low-interest, low-down-payment loans |
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Term
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Definition
| a loan based on the difference between the current market value of a home and the amount the borrower owes on the mortgage |
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Definition
| a meeting of the seller, the buyer, and the lender of funds, or representatives of each party to complete the transaction |
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Definition
| the official document transferring ownership from seller to buyer |
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Definition
| profits that a company reinvests, usually for expansion or to conduct research and development |
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Term
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Definition
| the ability to buy or sell an investment quickly without substantially reducing its value |
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Definition
| distributions of money, stock, or other property that a corporation pays to stockholders |
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Term
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Definition
| a type of stock that gives the owner the advantage of receiving cash dividends before common stockholders receive cash dividends |
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Term
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Definition
| a corporation's written pledge to repay a specific amount of money, along with interest |
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Term
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Definition
| a company that issues stock to a small group of people |
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Term
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Definition
| a company that sells its shares openly in stock markets, where anyone can buy them |
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Definition
| a stock that pays higher-than-average dividends compared to other stock issues |
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Definition
| a stock that remains stable during declines in the economy |
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Term
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Definition
| the total amount of stocks and bonds issued by a corporation |
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Definition
| a bond registered in the owner's name by the company that issues the bond |
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Definition
| a bond that is not registered in the investor's name |
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Definition
| a bond that is backed by the full faith and credit of the government that issued it |
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Term
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Definition
the rate of return earned by an investor who holds a bond for a certain period of time
Current Yield of a Bond = Dollar Amount of Annual Interest Income ÷ Current Market Value |
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Term
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Definition
| a mutual fund with an unlimited number of shares that is issued and redeemed by an investment company at the investors' request |
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Term
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Definition
the written pledge of a government or a municipality, such as a city, to repay a specific sum of money with interest
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Term
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Definition
income that is not taxed
i.e interest from most state/municipal bonds |
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Term
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Definition
income that is taxed at a later date
i.e IRA, 401k, 403b (retirement plans) |
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Definition
| profit from the sale of assets such as stocks, bonds, or real estate |
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Term
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Definition
| a summary of a corporation's activities as well as detailed financial information |
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Term
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Definition
| Current Yield = Annual Dividend/Current Market Value |
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Term
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Definition
| Total Return = Current Return + Capital Gain |
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Term
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Definition
| a market in which investors purchase new security issues from a corporation through an investment bank or some other representative of the corporation |
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Definition
| a network of dealers who buy and sell the stocks of corporations that are not listed on a securities exchange |
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Definition
| a request to buy or sell a stock at the current market value |
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Definition
| a mutual fund for which you pay a commission every time you buy or sell shares |
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Definition
| a fee that is a fee that an investment company charges to help pay for the marketing and advertising of a mutual fund |
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Term
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Definition
| a variety of mutual funds managed by one investment company |
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Term
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Definition
| the earnings a fund pays to shareholders |
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Term
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Definition
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Term
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Definition
| A loan that is repaid with a fixed number of periodic equal-sized payments |
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Term
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Definition
| a loan based on the difference between the current market value of your home and the amount you still owe on the mortgage |
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Term
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Definition
| a plastic card equipped with a computer chip that can store 500 times as much data as a normal credit card. Can store a variety of information |
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Term
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Definition
| the total dollar amount you pay to use credit |
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Term
| debt payment to income ratio |
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Definition
| DPR = Monthly Debt Payments/Monthly Net Income |
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Term
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Definition
| period of time to pay off loan |
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Term
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Definition
- Will you repay the loan?
- Are you trustworthy and stable?
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Term
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Definition
- Can you repay the loan?
- existing income and debts
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Term
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Definition
- What are your assets and net worth?
- Do you have enough capital to pay back a loan?
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Definition
- What if you do not repay the loan?
- What kinds of property or savings do you already have?
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Term
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Definition
| the ability to move easily from place to place |
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Term
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Definition
| an account where money is held in trust until it can be delivered to a designated party |
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Term
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Definition
| extra charges that must be paid by the buyer to the lender in order to get a lower interest rate |
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Term
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Definition
| title insurance and fee for deed |
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Term
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Definition
gross domestic product
The total market value of all final goods and services produced in a country in a given year |
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Definition
| a high risk investment that might earn a large profit in a short time |
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Definition
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Definition
| America's premier financial magazine |
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Term
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Definition
| a type of limit order to sell a particular stock when the market price reaches a specified amount |
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Term
| short term investment strategies |
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Definition
- buying on margin
- selling short
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Term
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Definition
a bond that does not produce interest payments
sold at less than face value but will be repaid at face value |
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Term
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Definition
| a bond that an investor can trade for shares of the corporation's common stock |
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Term
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Definition
| a bond that is backed only by the reputation of the issuing corporation, rather than by its assets |
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Term
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Definition
| a type of unsecured bond that gives bondholders a claim to interest payments and assets of the corporation only after all the bondholders have been paid |
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Term
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Definition
| a mutual fund that has no commission fee |
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Term
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Definition
| a mutual fund with a fixed number of shares that are issued by an investment company when the fund is first organized |
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Term
| capital gain distribution |
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Definition
| payments made to shareholders that result from the sale of securities in the fund's portfolio |
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