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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.
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.
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.
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).
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.
Term that refers to a bank document used to reconcile a checkbook.
Acronym stand for real estate owned.
Term refers to an account in which the lender doesn’t require the borrower to repay the outstanding balance in full every month.
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.
Accounts at financial institutions that allow regular deposits and withdrawals. The minimum required deposit, fees charged, and interest rate paid varies among providers.
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.
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.
Insurance principle- using premiums from many policyholders to reimburse the losses of a few, so that no one suffers a financially devastating loss.
Interest credited daily, monthly, quarterly, semiannual only, or annually on principle only not previously credited interest.
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.
Term refers to a financial market that allows for the buying and selling of previously issued financial instruments.
Term refers to debt secured by collateral.
Term refers to the process of pooling together types of contractual debt.
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.
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.
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.
Total wage or salary (plus bonuses) minus payroll deduction. Same as net pay.
A government fee on business and individual income, activities, or products.
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)
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)
Investments were taxes due on the amounts invested and/ or its earnings are proposed until funds are withdrawn, usually at retirement.
(Tax-free) investments (e.g., municipal bonds) whose earnings are free from tax liability.
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)
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.
Term refers to type of long-term care policy where the policy and the receipt of care are not taxable.
Term refers to the period of time for repayment of a mortgage loan.
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.
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.
The process of reasoning to conclusions using facts and values for purposes of determining worth, quality, importance, fairness, and credibility.
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.
Working to help others or one’s community without being paid.
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.
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.
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.
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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