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personal finance
vocabulary 12
26
Finance
11th Grade
03/26/2012

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Term
Appreciattion
Definition
Growth or refers to increase in the value of an investment
Term
Capital gain
Definition
income earned
Term
Stock
Definition
Is a share in the ownership of a corporation.
Term
Dividend
Definition
Is a protion of a company's earings paid to stockholders.
Term
Common stock
Definition
is earning diviends declared by the company.
Term
Peferred stock
Definition
is receive regular dividends at a set rate.
Term
Securitise exchange
Definition
is a formal market where securitise are bought and sold by stockbrokers.
Term
Stockbroker
Definition
is an agent who buys and sells securities for clients.
Term
Bond
Definition
is a certificate of debt issued by a corporation or government.
Term
Mutual fund
Definition
is a createdby pooling the money of many people and investing it in a collection of securities.
Term
net asset value (nav)
Definition
is the fund's assets minus its liabilities
Term
money market fund
Definition
is a type of mutual fund that deals only in high interest,
Term
bull market
Definition
is an extended period of consumer confidence and optimism when stock prices rise.
Term
bear market
Definition
is an extended period of uncertinty and pessimism when stock prices fall.
Term
investment portfolio
Definition
is a collection of securities and other assets a person owns.
Term
diversification
Definition
successful inestors diversify their portfolios.
Term
prospectus
Definition
is a legal docment that gives a detailed description of a security.
Term
dollar cost averaging
Definition
is a strategy of investing a fixed dollar amount at regular intervals.
Term
annuity
Definition
is a contract with an insurance company that provides regular income for a set period of time usualy for life.
Term
estate
Definition
refers to the assets and liabilities a person leaves when he or she dies.
Term
executor
Definition
is a person appointed to carry out the terms outlined in their will.
Term
will
Definition
is a legal document stating a person's wishes for his or her estate after death.
Term
trustee
Definition
is a person or institution named to manage assets on behalf of the beneficiaries.
Term
living will
Definition
is a statment of instruction for specific medical treatment if a person becomes unable to make medical treatments.
Term
trust
Definition
is a legal document that gives a named trustee the authority to manage the assets in an estate on behalf of the beneficiaries.
Term
probate court
Definition
is the government institution that processes a deceased individual's will and estate.
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