Create an account
network of savers, investors, and financial institutions that work together to transfer savings to investors
regular payment intended to provide income security to someone who has worked a certain number of years
fund set up to collect income and disburse payments to those persons eligible for pension
formal long-term contract that requires repayment of borrowed money and interest on the borrowed funds at regular intervals over time
individual retirement accounts
long term tax-sheltered deposits that can be set up as part of an individual retirement plan
efficient market hypothesis
argument that stocks are usually priced correctly and that bargains are hard to find because stocks are followed closely by investors
practice of holding a large number of different stocks so that increases in some stocks can offset declines in others
net asset value
net value of the mutual fund divided by the number of shares issued by a mutual fund
tax-deferred investment and savings plan that acts a s a personal pension fund for employees
over the counter market
electronic marketplace for securities that are not yet traded on an organized exchange
standard and poor's 500
uses price change of 500 representative stocks as an indicator of overall market performance
Please allow access to your computer’s microphone to use Voice Recording.
Having trouble? Click here for help.
We can’t access your microphone!
Click the icon above to update your browser permissions and try again
Reload the page to try again!Reload
Press Cmd-0 to reset your zoom
Press Ctrl-0 to reset your zoom
It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.
Please upgrade Flash or install Chrome
to use Voice Recording.
For more help, see our troubleshooting page.
Your microphone is muted
For help fixing this issue, see this FAQ.
Star this term
You can study starred terms together