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Flashcards - Fundamentals of Personal Finance

Flashcards - Fundamentals of Personal Finance
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credit cards
A credit card is a payment card issued to users as a method of payment
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personal budget
A personal budget is a finance plan that allocates future personal income towards expenses, savings and debt repayment
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bond
In finance, a bond is an instrument of indebtedness of the bond issuer to the holders
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mutual fund
A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities
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savings account
Saving accounts are accounts maintained by retail financial institutions that pay interest but cannot be used directly as money in the narrow sense of a medium of exchange
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certificate of deposit
A certificate of deposit is a time deposit, a financial product commonly sold in the United States and elsewhere by banks, thrift institutions, and credit unions
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13 cards in set
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certificate of deposit
A certificate of deposit is a time deposit, a financial product commonly sold in the United States and elsewhere by banks, thrift institutions, and credit unions
savings account
Saving accounts are accounts maintained by retail financial institutions that pay interest but cannot be used directly as money in the narrow sense of a medium of exchange
mutual fund
A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities
bond
In finance, a bond is an instrument of indebtedness of the bond issuer to the holders
personal budget
A personal budget is a finance plan that allocates future personal income towards expenses, savings and debt repayment
credit cards
A credit card is a payment card issued to users as a method of payment
interest rate
An interest rate, or rate of interest, is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed
revolving credit
Revolving credit is a type of credit that does not have a fixed number of payments, in contrast to installment credit
exchange-traded fund
An exchange-traded fund is an investment fund traded on stock exchanges, much like stocks
prospectus
A prospectus, in finance, is a disclosure document that describes a financial security for potential buyers
securities
A security is a tradable financial asset
securities markets
Securities market is a component of the wider financial market where securities can be bought and sold between subjects of the economy, on the basis of demand and supply
secondary market
The secondary market, also called the aftermarket, is the financial market in which previously issued financial instruments such as stock, bonds, options, and futures are bought and sold

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