1.
annuity: income from capital investment paid in a series of regular payments
2.
consumer: a person who uses goods or services
3.
demand: the act of demanding
4.
economics: the branch of social science that deals with the production and distribution and consumption of goods and services and their management
5.
economy: an act of economizing
6.
federal reserve system: privately owned, publicly controlled, central bank of the United States
7.
future value: The amount that your original deposit will be worth in the future based on a specific interest rate over a specific period of time
8.
goals: things you want to accomplish
9.
good: moral excellence or admirableness
10.
inflation: a general and progressive increase in prices
11.
interest: a diversion that occupies one's time and thoughts (usually pleasantly)
12.
liquidity: being in cash or easily convertible to cash
13.
opportunity cost: the most desirable alternative given up as the result of a decision
14.
personal financial planning: spending, saving, and investing you money so you can have the kind of life you want as well as financial security.
15.
present value: the amount of money you would need to deposit now in order to attain a desired amount in the future
16.
principal: the major party to a financial transaction at a stock exchange
17.
service: the performance of duties by a waiter or servant
18.
supply: offering goods and services for sale
19.
time value of money: increase of an amount of money as a result of interest or dividends earned
20.
values: things that are important to you