Another name for a stockbrocker who works for a brokerage firm.
certificate of deposit
A sum of money deposited for a set length of time.
Interest computed on the principal plus accumulated interest.
The amount of money you have left over when the bills are paid.
early withdrawal penalty
Fee charged to a depositor who withdraws money from a CD before maturity.
Money paid for the use of money.
Measure of how easily a deposit can be converted into cash.
An ending date on which a certificate is due (must be renewed or redeemed).
money market fund
A combination savings-investment plan in which an investment firm uses your money to purchase a variety of short-term securities.
A sum of money in a savings account on which interest accrues.
Investment instruments issued by corporations or by the government.
The type of account offered to a saver (regular savings plan) at a credit union.