Shared Flashcard Set

Details

Investing and Estate Planning
personal finance
26
Finance
9th Grade
03/26/2012

Additional Finance Flashcards

 


 

Cards

Term
appreciation
Definition
refers to an increase in the vaule of an investment
Term
captail gain
Definition
income earned when the selling price is greater than the purchase price
Term
stock
Definition
a share in the ownership of a corpation
Term
dividend
Definition
a portion of a companys earnings paid to stockholders
Term
common stock
Definition
earn dividends declared by the company
Term
preferred stock
Definition
recive regular dividends at a set rate
Term
securities exchange
Definition
is a formal market where securities are bought and sold by stockholders
Term
stockbroker
Definition
is an agent who buys and sells securitites for clients
Term
bond
Definition
is a certificate of debt issued by a corpation or government
Term
mutual fund
Definition
is created by pooling the money of many people and investing it in a collection of securities
Term
NAV
Definition
the funds assets minus its libilities
Term
money market fund
Definition
a type of mutual fund that deals only high interest,short term investments such as U.S. Treasury securities, certificates of deposit, and commerical paper
Term
bull market
Definition
is an extended period of uncertanity and pessimism when stock prices fall
Term
bear market
Definition
an extended period of uncertanity and pessimism when stock prices fall
Term
investment portfolio
Definition
a collection of securities and other assets a persons owns
Term
diversification
Definition
refers to spreading risk by putting money in a varitey of investments
Term
prospectus
Definition
a legal document that gives a detailed description of a security
Term
dollar-cost averaging
Definition
a strategy of investing a fixed dollar amount at regular intervals, such as monthly, without regard to the price of the investment at the time you buy it
Term
annuity
Definition
a contract with an insurance company that provides regular income for a set period of time, usually for life
Term
estate
Definition
referes to the assets and libilities a person leaves when she or he dies
Term
executor
Definition
a person appointed to carry out the terms outlined in their will
Term
will
Definition
legal document stating a persons wishes for his or her estate after death
Term
trustee
Definition
a person or institution named to mange assets on behalf of the beneficiaries
Term
living will
Definition
a statement of instructions for specific medical treatment if a person becomes unable to make medical decisions
Term
trust
Definition
a legal document that gives a named trustee the authority to manage the assets in an estate on behalf the beneficiaries
Term
probate court
Definition
the government institution that process a deceased individuals will and estate
Supporting users have an ad free experience!