Category #1
In accounting, the term "ROI" is often used to describe the financial performance of an asset. ROI stands for "return on" WHAT?
Investment
A 401(k) is a type of tax-advantage defined-contribution account designed to help you save for what withdrawal from working life?
Retirement
Used to calculate an individual's tax liability and meaning gross income minus certain payments made during the year, AGI stands for ___ Gross Income. What adjective goes in the blank?
Adjusted
Accountants use different methods of depreciation for tax purposes. What do the letters in the Acronym LIFO stand for?
Last In First Out
An asset that you pledge as security for a loan is known as ______. Fill in the one word “C” blank, also the name of a 2004 movie in which cab driver Jamie Foxx gives a ride to hitman Tom Cruise.
Collateral
The Financial Accounting Standards Board (FASB) is a non-profit "standard-setting body" that establishes and improves the set of accounting principles used in the U.S. and known by what four-letter acronym?
GAAP
In economics, what 9-letter word means simultaneously buying an asset in one market and selling the asset in another to take advantage of price differences between markets?
Arbitrage
In the standard financial reporting metric EBITDA, what does the "A" stand for?
Amortization
Which type of stock is higher-up on the chain of claim than common stock, but not as high up as bonds?
Preferred
If you don’t repay a debt, what might a creditor place against your property (for example, your house) as collateral until you pay up?
Lien