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Economics
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Savings, Investing, and Risk Management
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Bond
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An IOU issued by a company, municipality, or the federal government in exchange for a loan from an investor that will be repaid with a set rate of return.
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Terms in this set (17)
Bond
An IOU issued by a company, municipality, or the federal government in exchange for a loan from an investor that will be repaid with a set rate of return.
Financial Institution
A business that provides money-related services.
Interest
A fee received or paid for the use of money.
Invest
To commit money to gain a profit or earn interest.
Mutual Fund
A collection of stocks or bonds of various corporations.
Opportunity Cost
The next best alternative given up when making a financial choice.
Pay Yourself First
To automatically save a specified amount from a paycheck for future use.
Principal
The amount of money originally invested.
Risk
The possibility of financial loss or physical harm.
Savings account
An interest-bearing account where people put money for future use.
