Mutual funds pool the savings of many individuals. An investment fund set up and managed by companies that receive money from many investors.
What is MUTUAL FUNDS
100
Land and anything that is attached to it.
What is REAL ESTATE
100
An increase in the general level of prices.
What is INFLATION
200
Using your savings to earn more money.
What is INVESTING
200
An interest bearing account (passbook or statement) at a financial institution. Funds are accessed by withdrawing funds at the institution or using an ATM or debit card.
What is SAVINGS ACCOUNT
200
A certificate representing a promise to pay a definite amount of money at a stated interest rate on a specified due date; debt obligations of corporations or state or local governments.
What is BONDS
200
Bonds issued by corporations.
What is CORPORATE BONDS
200
The price at which a share of stock can be bought and sold in the stock market.
What is MARKET VALUE
300
Money that is left over when the bills have been paid.
What is DISCRETIONARY INCOME
300
An amount of money an insurance company pays (usually monthly) to a person who has previously deposited money with the company.
What is ANNUITY
300
Ownership in a corporation; a unit of ownership in a corporation.
What is STOCKS
300
Are debt securities issued by the U. S. Government of the Department of Treasury to help pay for the U.S. government’s borrowing needs. U.S. savings bonds are considered one of the safest investments because they are backed by the full faith and credit of the U.S. government.
What is U.S. SAVINGS BONDS
300
Trained professional planners who give overall investment advice based on your goals, age, lifestyle, and other factors.
What is FINANCIAL ADVISOR
400
The amount borrowed, or the unpaid portion of the amount borrowed, on which the borrower pays interest; the amount of money deposited by a saver.
What is PRINCIPAL
400
The actual interest rate the account pays per year, with compounding included.
What is APY (ANNUAL PERCENTAGE YIELD)
400
A combination savings-investment plan in which money deposited is used to purchase safe, liquid securities; an account that pays a variable interest rate based on various government and corporate securities.
What is MONEY MARKET ACCOUNT
400
Bonds issued by local and state governments.
What is MUNICIPAL BONDS
400
Items of person interest to collectors that can increase in value in the future.
What is COLLECTIBLES
500
The money you receive for letting others use your money; the money you pay for using someone else’s money.
What is INTEREST
500
Interest calculated on the initial principal and also on the accumulated interest of previous period of a deposit or loan. The formula for calculating compound interest is : Compound interest = Total amount of Principal and Interest in future (or Future Value) less Principal amount at present (or Present Value)
What is COMPOUND INTEREST
500
A deposit that earns a fixed interest rate for a specified length of time.
What is CD OR CERTIFICATE OF DEPOSIT
500
An amount of money an insurance company pays (usually monthly) to a person who has previously deposited money with the company.