Investing
When a corporation divides the ownership into pieces to sell to investors called “shares”.
What is a stock?
This offers secure accounts to store money that is saved.
What are Depository Institutions?
This is as how quickly and easily an asset can be converted into cash.
What is Liquidity?
This is charged when a withdrawal from an individual's bank account exceeds the available balance.
What is an Overdraft Fee?
This is the word that means adding money to your checking or savings account.
What is a deposit?
Portion of a profit kicked back to investors
What is a dividend?
This is also known as a share account at a credit union.
What is a Savings Account?
Great account for storing emergency savings funds
What is a Savings Account?
You can get charged this fee when you don’t know where to find a branch of your bank, so you stop by another bank to use the ATM.
What is an ATM Fee?
What is the money that you pay for every dollar that you spend? Usually represented by a percent. When you sign up for a credit card, this is the rate that you will pay per month.
What is Interest?
Promise made by a corporation or government to pay a certain amount of money & interest at a certain time
What is a bond?
This happens when you have a low balance (below the balance the bank requires) in your savings account?
The bank will charge you a fee
This account is used for a fixed period of time and allows restricted access to the funds deposited.
What is Certificate of Deposit?
This is a fee you have to pay just to keep your account open – in effect, paying the bank for letting you keep your money with it.
What are Maintenance Fees?
The money you actually take home AFTER taxes are taken out
What is net pay?
This is the amount you receive after the cost of an initial investment, calculated in the form of a percentage.
What is Rate of Return?
Similar to a savings account but earn higher interest
rates and has higher minimum balance/deposit
requirements.
What is a Money Market Deposit Account?
This fund is the riskiest of the savings tools because the funds are not guaranteed, but they are a safer way to invest since they spread the risk of loss over several different investments
What is a Mutual Funds
For example, suppose your roommate gives you a check to pay for her half of the electric bill, but she doesn’t actually have enough money in her account to cover it. The check bounces when you try to deposit it,
What is a Returned Deposit Fee?
Insures up to $250,000 and serves as insurance for banks.
What is the FDIC?
Putting your money in moderate and high-risk investments is the only way to beat this.
How do you beat Inflation?
Taxes, insurance, retirement accounts, and bills taken out directly
What are deductions?
This is an example of an account: , a balance of $10,000 may earn a higher interest rate than a balance of $2,500.
What is Tiered Interest Rates?
When you have less money in your checking account than you actually spent. You are spending more than you have. You will bounce a check when this happens.
What is Insufficient funds, Non sufficient funds?
What is a a wide range of services such as offer checking and savings accounts, loans, and financial advice.
What are commercial banks?