Term
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Definition
| intrest calculated only only on the money you've deposited, not on prior interest earned |
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Term
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Definition
| interest calculated on both deposits made and prior interest earned |
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Term
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Definition
| simplified way to determine how long an investment will take to double, given a fixed annual rate of interest. |
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Term
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Definition
| personal allowance or specific monetary exemption which may be claimed by an individual to reduce taxable income under some systems |
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Term
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Definition
| where a taxpayer can delay paying taxes to some future period |
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Term
| annual percentage yield (APY) |
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Definition
| the actual annual rate at which interest is earned, including the effects of compounding |
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Term
certificate of deposit
(CD) |
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Definition
| A certificate issued by a bank to a person depositing money for a specified length of time. |
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Term
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Definition
| US Savings Bonds are non-marketable securities meaning you cannot buy or sell them unless you are an authorized issuing and redeeming agent designated by The US Treasury Department. |
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