Stocks
someone who owns stock
shareholder/stockholder
the amount of a bond
face value
A legal document that outlines how you want your estate distributed when you die
will
a sales fee charged by a broker or salesperson
load
a loan given for the purpose of purchasing real estate
mortgage
money paid to stockholders from corporate profits
dividends
the date on which a bond must be repaid
maturity
a tax imposed on heirs when they take posession of property from an estate
inheritance tax
a legal document that offers securities or mutual fund shares for sale. It states terms, summary of portfolio, objectives, and financial statements
prospectus
Antiques, comic books, art, baseball cards, silver coins, rare coins, and Barbie dolls are all examples of investments known as__
collectibles
an increase in the value of the stock over time.
capital gain
a bond based on the creditworthiness of a business
debenture
a loan against the equity in your home. The bank makes payments to you, but it is a loan that will need to be repaid.
Reverse Mortgage
a mutual fund that purchases international stocks and bonds as well as US securities
global fund
natural, precious stones
gems
type of stock that pays a fixed dividend, but they have no voting rights
Preferred
a bond issued by a state or local government
municipal
a type of IRA where contributions are taxed, but earnings are not
Roth IRA
A fund's portfolio is $200,000. It has $150,000 in liabilities. It has sold 1000 shares. What is the price per share?
$50
(200000-150000)/1000
the decline in value of property due to normal wear and tear.
depreciation
the amount of money a stock can currently by purchased for
market value
If a 10000 bond pays 3% and matures in 10 years, how much interest would you receive each year?
300
Defined contribution retirement plans for employees who work for a for-profit company
401(k)
a mutual fund whose goal is to produce income in the form of dividends or interest
income fund
contracts to buy or sell commodities or stocks at a later date
futures