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Unit 5: Investment and Wealth Building
Terms in this set (50)
Economic resources (things of value) owned by a firm.
piled up as arranged rows
A financial security that represents a promise to repay a fixed amount of funds
An economic system based on private property and free enterprise.
Certificate of Deposit
A savings alternative in which money is left on deposit for a stated period of time to earn a specific rate of return.
Specified amount of money that the insured must pay for covered medical expenses before the insurance policy begins to pay; usually annual amount per individual or family
A person who starts up and takes on the risk of a business
the process of bringing together the three factors of production - natural resources, labor and capital - the person who does this is an entrepreneur
Process of taking steps to maximize your wealth and to transfer it to others.
Commercial and savings banks are primary originators of mortgages.
a process used to achieve financial success based upon the development and implementation of financial goals and planning
Federal Deposit Insurance Corporation: a federally sponsored corporation that insures accounts in national banks and other qualified institutions
A continuous rise in the price of goods and services
A contract under which, for consideration, the insurer, or the insurance company, agrees to compensate you for a specific loss.
The interest rate will not change for the lifetime of the investment.
rate that changes based on the status of the economy
The remaining balance, at maturity, on a loan that has not been completely repaid through periodic payments. Once paid, the outstanding balance is zero. Partially amortized loan.
The income a person receives from certain bank accounts or from lending money to someone else.
The act of committing money or capital to an endeavor (a business, project, real estate, etc.) with the expectation of obtaining an additional income or profit.
common stock, bonds, preferreds and convertibles, mutual funds and exchange traded funds, real estate
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Availability of resources to meet short-term cash requirements.
Assets that people are generally willing to accept in exchange for goods and services or for payment of debts.
A segment of the financial market in which financial instruments with high liquidity and very short maturities are traded.
A group of investments held in common by many individual investors.
Pay Yourself First
The setting aside of money for future use or other investments
A specific sum of money paid by the insured to the insurance company in exchange for financial protection against loss.
A pension or other income on which a retired person lives
a plan for setting aside money to be spent after retirement
Degree of uncertainty of return on an asset; in business, the likelihood of loss or reduced profit.
All efforts designed to preserve assets and earning power associated with a business.
The degree of uncertainty that an investor can handle in regard to a negative change in the value of his or her portfolio
A personal savings plan; contributions are not tax-deductible; earnings are tax-free
Rule of 72
The number of years it takes for a certain amount to double in value is equal to 72 divided by its annual rate of interest.
Disposable income not spent for consumer goods.
A situation in which unlimited wants exceed the limited resources available to fulfill those wants
A stock or bond
The amount of interest based on a principal amount and not on earned interest.
(FDR) 1935, guaranteed retirement payments for enrolled workers beginning at age 65; set up federal-state system of unemployment insurance and care for dependent mothers and children, the handicapped, and public health
A certificate of ownership in a corporation
A system for buying and selling shares of companies
Expense that a taxpayer is allowed to deduct from taxable income; examples include money paid as home mortgage interest and charitable donations.
Fees for the support of government required to be paid by people and businesses.
The intended duration of a plan.
Time Value of Money
Money's potential to grow in value over time. The relationship between time, money, a rate of return, and earnings growth.
Individual Retirement Account - A personal qualified retirement account through which eligible individuals accumulate tax-deferred income up to a certain amount each year, depending on the person's tax bracket.
A group of corporations run by a single board of directors
401K and 403B
The tax breaks that government give
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