Economics and Personal Finance
Increase in prices for goods and services. Also referred to as the Consumer Price Index.
What is inflation?
Partial ownership in a company.
What is a stock?
The federal program that provides income to retired persons, the disabled and the poor.
What is social security?
A contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses
What is insurance?
The length of time over which an investment is held or the number of months, years, or decades you need to invest to achieve your financial goal.
What is time horizon?
An estimate of income and expenses for a set period of time.
What is a budget?
A loan to a company that has a maturity date and pays interest.
What is a bond?
A regular payment made during a person's retirement from an investment fund to which that person’s employer has contributed during their working life.
What is a pension?
A legal document giving one person the power to act for another person. May be broad or limited authority to make legal decisions about the principal's property, finances or medical care.
What is a power of attorney?
Unpredictable life events, economic realities, retirement planning hurdles.
What are challenges to women's financial fitness?
A loan advanced to a person to assist in buying a house or apartment.
What is a mortgage?
Dow Jones Industrial Average, S&P 500 Index, NASDAQ
What is the "Market"?
Investments for which applicable taxes (typically income taxes and capital gains taxes) are paid at a future date instead of in the period in which they are incurred.
What are tax-deferred accounts?
The fraudulent acquisition and use of a person's private identifying information, usually for financial gain
What is identity theft?
A measure of how investments move in relation to one another.
What is correlation?
How much of a good or service or basket of goods you can buy with one unit of currency ($).
What is purchasing power?
Regularly investing the same dollar amount into an investment regardless of price.
What is dollar cost averaging?
Duration of an indivudal's life.
What is longevity?
Someone who is eligible to receive distributions from a retirement account or life insurance policy in the event of the holder's death.
What is a beneficiary?
Graph that plots the interest rates, at a set point in time, of bonds of equal credit quality but differing maturity dates.
What is yield curve?
A gift made by an individual or an organization to a nonprofit organization, charity or private foundation.
What is a charitable donation?
A portfolio management technique that mixes a wide variety of investments within a portfolio.
What is diversification?
The legal process through which a deceased person's estate is properly distributed to heirs and designated beneficiaries and any debt owed to creditors is paid off.
What is probate?
A record of a borrower's responsible repayment of debts.
What is credit history?
A reduction of the amount of a person's taxable income. There are both standard and itemized.
What is a tax deduction?