BANKING AND FINANCE
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Created by:
koolkim456 on January 11, 2010
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46 terms
Terms | Definitions |
|---|---|
 bear market | decline in markey |
| bonds | loaning government money |
| convertibile | type of bond; made cash whenever |
| corporate | type of bond; bought from corporate, paid when possible |
| municipal | type of bond; city/ state |
| savings | type of bond; series E, education |
| treasury | type of bond; -- bought for the idea to get money |
| bull market | running rampid |
| common stock | stock provided through stock exchange |
| dividends | when cooperate earn enought to pay stock holders |
| finanical planner | investment planner, set goals and achieve them |
| full service broker | all broker services provided |
| Initial Public Offering (IPO) | first sale of stock company, public |
| Insider Trading | illegal stock trading/ insider knowledge |
| load | fees with investments |
| mutual funds | give money to invest for you; in all different things |
| NASDAQ | tickertape |
| NYSE | largest stock exchange |
| Preferred Stock | offered to certain individual less risk/higher benefits |
| PE Ratio (Price Earnings Ratio) | value of stock compared by current price divided by what you earn |
| prospectus | info on what buying |
| risk/return | risk invovled (consequences) |
| stock split | more stocks; offer for less value |
| tax deferred | earn money now, pay later |
| deductible | out of pockey money |
| group health insurance | company insurance |
| homeowners insurance | home protection |
| liability coverage | covers other person |
| riders/ endorsements | an addition to a written policy |
| term | a period of time when a contract is in effect |
| term life | a certain specified time period |
| state insurance commission | commision regulates within the state |
| Credit Union | non prophet organization/ financial instution |
| Federal Reserve | central bank of america |
| Grace period | a period of time past tthe deadline for fulfilling an obligation during which a penalty that would be imposed for being late is waived. |
| interest rate | the percentage of a sum of money charged for its use. |
| inflation | when the value of money decreases |
| loans | temporary borrowing of money |
| payment | transfer of wealth from one party to the next |
| prime rate | the minimun interest rate charged by a commerical bank on short loans to its largest and strongest clients |
| principal | the amount of something before interest is added on; |
| time value of money | value of money now verus future date |
| discount rate | the rate of interest set by the federal reserve that member banks are charged. |
| beneficiary | a person who is eliable to receive your beneifts after you die. |
| No Fault Insurance | Auto insurance that covers anything no matter whose fault it is |
| Collision coverage | auto insurance that only covers collision car/ accidents of other person |
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