Investing
An asset or item that is acquired with the goal of making a profit.
What is an Investment?
Money that is received from work, investments, business, etc.
Whats is Income?
A monthly document prepared by your financial institution which shows all of the transactions related to your account.
What is a Bank Statement?
A federal program that provides monthly benefits to millions of Americans, including retirees, military families, surviving families of deceased workers, and disabled individuals.
What is Social Security?
Taxes paid by employees to federal and state government through a direct deduction from their paycheck.
What is Income Tax?
A market in which there is increased stock trading and rising stock prices.
What is Bull Market?
Income that remains the same from week to week or month to month.
What is Fixed Income?
A handy portfolio that holds your check register, checks, deposit slips, receipts, and other records of ATM/debit card transactions.
What is a Checkbook?
A fixed dollar amount that you agree to pay each time you receive medical treatment, such as a doctor's visit or prescription.
What is a Copay?
Income earned through interest on savings accounts, bonds, CDs, etc.
What is Interest Income?
The second largest stock exchange in the world behind the NYSE.
What is Nasdaq?
Money set aside for unanticipated expenses or loss of income.
What is Emergency Fund?
Reinvesting earned interest back into the principal, so that interest is calculated on both the initial amount and the accumulated interest.
What is Compound Interest?
A person who compiles and analyzes statistics to calculate risk and determine insurance rates and premiums.
What is Actuary?
Any income (wages/salary) that is generated by working.
What is Earned Income?
A bond, often having tax advantages for individual investors, issued by state or local government which typically uses the loan to pay for public works to benefit its citizens.
What is a Municipal Bond?
A form of property insurance, available to renters, that covers losses to their personal property and protects the insured person from liability claims.
What is Renters Insurance?
The buying of goods without planning to do so in advance, as a result of a sudden whim or urge.
What is Impulse Buying?
The maximum amount of money you will have to spend on health care in a year, after which the insurance company agrees to cover all costs.
What is Out of Pocket Maximum?
A federal law that requires an employer to withhold taxes from the wages they pay their employees; the funds go toward Social Security and Medicare.
What is the Federal Insurance Contributions Act?
A retirement savings plan, sponsored through your employer who will often match your contributions, that allows an individual to save for retirement and have the savings grow while deferring taxes until funds are withdrawn
What is a 401(k) plan?
Total earnings after payroll taxes and other deductions have been taken out; also called take-home pay.
What is Net Pay?
The government agency that insures customer deposits if a bank fails up to $250,000 per individual depositor.
What is the Federal Deposit Insurance Corporation (FDIC)?
A form of property insurance, available to renters, that covers losses to their personal property and protects the insured person from liability claims.
What is Renters Insurance?
Spending by the federal government required by previously existing laws, including funding programs like Social Security and Medicare/Medicaid.
What is Mandatory Spending?