AOF Principles of Finance Assessment

A person who helps people choose an insurance policies that can best meet their needs.

Includes anything that surrounds the business/factors affecting a business's operations.

Investment products that combine $ from a large group of investors for investment

An agency of the United States that promotes public confidence in the US financial system

The creditworthiness of an individual.

A loan an investor makes to a gov't/corp. for a specified amt. of time for raising capital

A record of $ deposited in a financial institution for a time period at a fixed interest rate.

The amount of debt a person or a household has in relation to his or her income

nonprofit financial institution where $ can be borrow from pooled deposits, low interest rates.

A type of investment where money is exchanged for a series of equal payments over time

Provides financial services to someone and a business. They also include stocks and bonds.

A financial institution that provides investment-related services.

A small investment firm that specializes in a limited number of services.

Processes financial transactions for an organization

The yearly interest charge applied to outstanding credit card balances.

Law passed in 1933, created FDIC & stopped commercial banks from engaging in investment banking

A bank acct. where the acct. holder can withdraw funds by writing a check/using a debit card.

The person who serves as the intermediary between borrowers and lending institutions

Person who works with an estate owner to create a plan that meets the owner's goals after death

The act of one corporation acquiring another by purchasing its shares assets.

An unsecured, interest-bearing bond issued by a company.

A financial shortage, when liabilities exceed assets / when more cash is spent than is received

A person who investigates, & settles property & bodily injury claims presented by policyholders

A private investment fund that is lightly regulated / uses leverage to invest in many markets.

A method of raising capital through the sale of stock

The section of a bank statement that provides a quick overview of account activity.

Money's potential to grow in value over time

savings account that offers higher interest rates, than a regular savings account

The process of spreading investments across a wide range of securities to reduce risk

A method of raising capital through the sale of bonds, bills, or notes.

A business organization that operates as an entity separate from and independent of its owners

A fee representing the cost of credit.

The market for intermediate and long-term investments.

The risk that the value of an investment will decrease due to changes in the market

Interest earned on both the principal amount and any interest already earned.

The remaining amt. in a customer's account that represents the amt. the customer can withdraw.

A credit-reporting agency that checks information & keeps files on people who apply

An interest rate that doesn't change.

A type of trade in which goods/services are exchanged for other goods/services. No $ involved

A person or a business to whom or to which debt is owed.

A person who prepares mortgage loan files.

Debt that will likely ever be recovered or repaid

A loan or offer of money to a business in order to save it from bankruptcy; a financial rescue.

An obligation that legally compels an individual to settle a debt.

Financing for new business ventures and/or start-up companies with a lot of growth potential

The central bank of the United States

A financial institution that may offer a broad range of banking-related services

The financial resources that are used to make money, which can take the form of equity or debt.

Money owed on something you will get a return on, such as an investment.

the difference between cash coming in and cash going out of a business

The stock of a financially sound company w/ a history of strong earnings & reliable dividends.

The act of buying something/borrowing $ with the promise to repay the lender at a future date

An account summary of financial transactions over a given period of time on an account

The corporate officer who is responsible for overseeing the financial activities and policies.

A person who offers advice to consumers on repaying or eliminating debt.

Someone who provides a service for those who have money to save to those who want to borrow

A type of banking where transactions are made via a smartphone or tablet app

A temporary interest rate that is offered by the credit card company.

A high-risk, high-yield bond of low credit quality.

A person has convincing yet conflicting alternatives for the solution to a difficult problem

How does globalization affect business decision making?

The ability to pay balances over time by applying an interest rate to an unpaid balance

Any expenses that are not considered essential to the household or business.

A system that allows people to easily buy and sell financial securities.