What's an investment?

asset/item that is bought with the hope that it appreciates

What does foreclosure mean?

occurs when lender takes a person’s home due to non-payment

What does compound interest mean?

addition of interest to principal sum and interest earned

What does FICA (Federal Insurance Contributions Act) mean?

requires 2 deductions from pay for social security/Medicare

What's a fixed expense?

payments that remain constant month to month

What is fixed income?

income that doesn’t vary from one time period to another

What does equity mean?

the value of the shares issued by a company

What's the Stock Market?

collection of markets & exchanges where you buy and trade

What are capital gains?

a profit from the sale of property or an investment

What's an IPO (Initial Public Offering)?

1st time that stock of private company is offered to public

What's a fixed rate mortgage?

mortgage in which the interest rate doesn’t change

What is a stock or share?

type of security that signifies ownership in a corporation

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Personal Finance Vocab 9

12 termsStudBud Administration117 plays

A #personal finance vocab quiz

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Questions 12

Answers

1
What's an investment?
the value of the shares issued by a company
addition of interest to principal sum and interest earned
asset/item that is bought with the hope that it appreciates
money paid out to cover a cost
2
What does foreclosure mean?
type of security that signifies ownership in a corporation
income that doesn’t vary from one time period to another
occurs when lender takes a person’s home due to non-payment
mortgage in which the interest rate doesn’t change over time
3
What does compound interest mean?
type of security that signifies ownership in a corporation
amount of cash that company sends to its shareholders
addition of interest to principal sum and interest earned
income a person has left over after all taxes have been paid
4
What does FICA (Federal Insurance Contributions Act) mean?
asset/item that is bought with the hope that it appreciates
requires 2 deductions from pay for social security/Medicare
payments that remain constant month to month
money paid out to cover a cost
5
What's a fixed expense?
income a person has left over after all taxes have been paid
occurs when lender takes a person’s home due to non-payment
payments that remain constant month to month
requires 2 deductions from pay for social security/Medicare
6
What is fixed income?
occurs when lender takes a person’s home due to non-payment
income that doesn’t vary from one time period to another
1st time that stock of private company is offered to public
requires 2 deductions from pay for social security/Medicare
7
What does equity mean?
type of security that signifies ownership in a corporation
mortgage in which the interest rate doesn’t change over time
the value of the shares issued by a company
1st time that stock of private company is offered to public
8
What's the Stock Market?
type of security that signifies ownership in a corporation
a profit from the sale of property or an investment
collection of markets & exchanges where you buy and trade
payments that remain constant month to month
9
What are capital gains?
the value of the shares issued by a company
a profit from the sale of property or an investment
money paid out to cover a cost
income that doesn’t vary from one time period to another
10
What's an IPO (Initial Public Offering)?
a profit from the sale of property or an investment
payments that remain constant month to month
1st time that stock of private company is offered to public
write one’s signature on the back of; approve, support
11
What's a fixed rate mortgage?
mortgage in which the interest rate doesn’t change
a profit from the sale of property or an investment
occurs when lender takes a person’s home due to non-payment
a home loan that has a varying interest rate and payment
12
What is a stock or share?
type of security that signifies ownership in a corporation
the value of the shares issued by a company
1st time that stock of private company is offered to public
payments that remain constant month to month

Personal Finance Vocab 9 Flashcards | StudBud