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Rates of Return

Also called the “yield” this is the return on an investment expressed as a percentage of its cost (i.e., $3 annual return divided by $24 price per share = .125 or a 12.5% rates of return)


The process of making and supporting a judgment; given reasons to defend the conclusion.


Periodic fee for the use of property.


Human resources of those resources people have within themselves, such as working knowledge, skill, mental effort, motivation, energy. Nonhuman or external resources include money, time, and equipment.

Reverse Mortgage

An arrangement in which a homeowner borrows against the equity in his/ her home and receives regular monthly tax-free payments from the lender. Also called reverse annuity mortgage or home equity conversion mortgage.


Exposure to loss of investment Little due to the variety of causes such as business failure, stock market volatility, and interest rate changes. In business, the likelihood of loss or reduced profit.

Risk Management

Procedures to minimize the adverse effect of a possible financial loss by 1) identifying potential sources of loss; measuring the financial consequences of the loss occurring: and 3) using controls to minimize actual losses of their financial consequences.

Risk Tolerance

The amount of uncertainty or possibility of loss the individual can bear. Rule of 72- a quick way to calculate how long it would take to double its sum of money. Device 72 by the expected interest rate to determine the number of years ( example 72 divided by 8% = 9 years).

Rate Cap

Term refers to the limit on how much the interest rate can change.

Real Estate Owned Property

Term refers to a type of property owned by a bank.

Reconciliation Sheet

Term that refers to a bank document used to reconcile a checkbook.


Acronym stand for real estate owned.

Revolving Debt

Term refers to an account in which the lender doesn’t require the borrower to repay the outstanding balance in full every month.

Risk Management

Term refers to a process of identifying, assessing, and prioritizing risks


Payment for work, usually Related. So the week or longer. Salary is usually tied to the completion of Pacific duties over a minimal but not maximum number of hours (see wage).


The process of setting aside money until a future date instead of spending it today. The goal of saving is to provide funds for emergencies, short-term goals, and investment.

Savings Accounts

Accounts at financial institutions that allow regular deposits and withdrawals. The minimum required deposit, fees charged, and interest rate paid varies among providers.

Savings Bond

A bond is a certificate representing a debt. A US savings bond is a loan to the government. The government agrees to repay the amount borrowed, with interest, to the bondholder. To types of savings bonds are series EE and inflation-adjusted I bonds. Savings bonds often purchased through payroll deduction or a financial institutions and denominations of $50 to $10,000.

Savings and Loan Associations

Financial institutions that provide loans in interest-bearing accounts. Accounts in federally chartered S&L’s are federally insured.

Scam, Rip-Off

Swindle or fraud, especially to cheat or swindled by con artists in a confidence game, e.g., home repairs, cell phones, gasoline and oil stocks, Internet, telemarketing, credit card, securities,. Pyramid Schemes. See Fraud.


Any economic condition created by an excess of human wants over the resources necessary to satisfy them; an inability to satisfy all of everyone’s wants.

Shared Risk

Insurance principle- using premiums from many policyholders to reimburse the losses of a few, so that no one suffers a financially devastating loss.

Simple Interest

Interest credited daily, monthly, quarterly, semiannual only, or annually on principle only not previously credited interest.

Social Security

A federal government program of transfer payments for retirement, disability, while the loss of income from a parent or guardian. Funds come from a tax on income, a payroll deduction labeled “FICA”.


The quantities other item that producers are willing and able to make it available for sale at various prices over a given time period.

Secondary Market

Term refers to a financial market that allows for the buying and selling of previously issued financial instruments.

Secured Debt

Term refers to debt secured by collateral.


Term refers to the process of pooling together types of contractual debt.

Settlement Statement

Term refers to a type of document prepared by a closing agent; the document details the sale of the transaction, which references the sale price, amount of financing, loan fees and charges, proration of real estate taxes, and amounts due by the seller and the buyer to third-party agents.

Short Sale

Term refers to the process where the bank takes less than what is owed on a property to satisfy the defaulted borrower’s debt obligation to the bank.


Acronym stands for Social Security Disability Insurance.


Acronym stands for Supplemental Security Income.

Syndicated Loan

Term refers to debt granted to companies that wish to borrow millions of dollars with greater risk to the lender.

Statements of Cash Flows

See Cash Flow Statement.

Take-Home Pay

Total wage or salary (plus bonuses) minus payroll deduction. Same as net pay.


A government fee on business and individual income, activities, or products.

Tax Credit

An amount that a taxpayer who meet certain criteria can subtract from acts old. Examples include a credit for earned income below a certain limit and for qualified post secondary school expenses ( See tax deduction, tax exemption)

Tax Deduction

And expense that a taxpayer can subtract from taxable income. Examples include deductions for home mortgage interest and for charitable gifts. (see tax credit, tax exemption)

Tax Deferred

Investments were taxes due on the amounts invested and/ or its earnings are proposed until funds are withdrawn, usually at retirement.

Tax Exempt

(Tax-free) investments (e.g., municipal bonds) whose earnings are free from tax liability.

Tax Exemption

Any amount that a taxpayer who meet certain criteria or can subtract from taxable income. Examples include exemptions for each dependent or for life insurance proceeds. (see tax credit, tax deduction)

Taxable Income

Income subject to tax; total income adjusted for deductions, exemptions, and the credit’s.

Time Value of Money

Comparison of a lump sum of money, or a series of equal payments, between 2 different time.( e.g., Present and future), assuming a specific interest rate and time period.


Any amounts paid beyond what’s required, usually to express satisfaction with service quality; also known as a gratuity.

Tax-Qualified Policy

Term refers to type of long-term care policy where the policy and the receipt of care are not taxable.

Term (Loan)

Term refers to the period of time for repayment of a mortgage loan.

Term Insurance

Term refers to a type of policy that does not accumulate a cash value.


Acronym stands for Truth in Lending.


Acronym stands for tax-qualified.


Term refers to a credit reporting agency.

Truth in Lending Statement

Term refers to a type of form that reflects corrected changes.


Acronym stands for universal life insurance.

Unsecured Debt

Term refers to debt uncollateralized.

Universal Life Insurance

Term refers to type of permanent life insurance that offers flexibility and growth of cash value as a benefit.

Values - Personal and Culture

Criteria, standards, or principles that individuals use when making a selection among the alternatives in decision-making. Prevailing beliefs and value systems of a given society has gone through social conditioning and acculturation.

Value Judgement

The process of reasoning to conclusions using facts and values for purposes of determining worth, quality, importance, fairness, and credibility.

Value System

A set of criteria, standards, or principles that guide in individual or groups behavior and provides a sense of direction to life.

Vision - Financial

Description of (a) how a individual defines future financial success and (b) what he/ she wants to accomplish; provides direction for decision and actions that advance their preferred future. What will the future look like if financial strategies are successfully implemented and wants full potential is achieved.

Volunteer Service

Working to help others or one’s community without being paid.

Vehicle Insurance

See car insurance.


Payment for work, usually as calculated in periods of an hour rather than longer. (see salary)


Accompanies problem is that its product or service will meet specific standards over a given period of time, or the company will repair or replace it, redo the work, or give a refund.


Desires for economic goods or services, not necessarily accompanied by the power to satisfy them.


Accumulated assets such as money and/or possessions, often as a result of saving and investing.

Wealth Building

Increasing the total value of what one owns; wants tangible assets using strategies to increase savings and personal asset accumulation, thereby promoting individual/ family economic well-being and financial security.


Implored deductions from employees earnings to pay employees taxes.

Work, Job

Employment, occupation, effort exerted to make or do something. On a relative basis, short-term work or task completed for pay.

Whole Life Coverage

Term refers to a type of permanent life insurance that provides death benefits for a level premium.

Worker's Compensation

Term refers to type of employer-supplied disability insurance.

Workman's Compensation Insurance

Term refers to a type of business insurance that covers medical expenses and loss of income for an injured employee.

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