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Vocabulary Ch.11
N/A
9
Finance
12th Grade
01/29/2013

Additional Finance Flashcards

 


 

Cards

Term
Simple Interest
Definition
Interest paid on the principal alone .
Term
Compound Interest
Definition
Interest Calculated on both the principal and the accrued interest .
Term
Rule of 72
Definition
Method for estimating an investment's doubling time .
Term
Tax Exempt
Definition
A security that is not subject to taxation .
Term
Tax Deffered
Definition
Future income tax .
Term
Annual Percentage
Definition
(APR); The yearly cost of a mortgage, an interest, mortgage insurance, and the origination fee, expressed as a percentage .
Term
Yeild (APY)
Definition
How often the interest is applied to the balance, which can range anywhere from daily to annually .
Term
Certificate of Deposit
Definition
A certificate issued by a bank to a person depositing money for a specified length of time .
Term
U.S. Savings Bond
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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