Flashcards - Personal Finance: Savings & Investments

Flashcards - Personal Finance: Savings & Investments
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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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principal
The Head teacher, headmaster, headmistress, head, or principal is the teacher with the greatest responsibility for the management of a College
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inflation
In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time
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risk reduction
Disaster risk reduction is a systematic approach to identifying, assessing and reducing the risks of disaster
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Risk assessment
Risk assessment is the determination of quantitative or qualitative estimate of risk related to a well-defined situation and a recognized threat
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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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bond
In finance, a bond is an instrument of indebtedness of the bond issuer to the holders
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Commercial banks
A commercial bank is a type of financial institution that provides services such as accepting deposits, making business loans, and offering basic investment products
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Commercial banks
A commercial bank is a type of financial institution that provides services such as accepting deposits, making business loans, and offering basic investment products
bond
In finance, a bond is an instrument of indebtedness of the bond issuer to the holders
mutual fund
A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities
Risk assessment
Risk assessment is the determination of quantitative or qualitative estimate of risk related to a well-defined situation and a recognized threat
risk reduction
Disaster risk reduction is a systematic approach to identifying, assessing and reducing the risks of disaster
inflation
In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time
principal
The Head teacher, headmaster, headmistress, head, or principal is the teacher with the greatest responsibility for the management of a College
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
time value of money
The time value of money describes the greater benefit of receiving money now rather than later
Interest
Interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum
Financial intermediation
A financial intermediary is an institution or individual that serves as a conduit for parties in a financial transaction
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
exchange-traded fund
An exchange-traded fund is an investment fund traded on stock exchanges, much like stocks
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
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
premium
Premiums are promotional items - toys, collectables, souvenirs and household products - that are linked to a product, and often require box tops, tokens or proofs of purchase to acquire

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