Saving & Investing Vocabulary

Front

Interest bearing deposit account without a stated maturity date. Funds can be deposited or withdrawn at will, and pay interest from day of deposit to day of withdrawal.

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savings

Front

The business of buying and selling stock.

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stock market

Front

Written pledge of a government or a municipality, such as a city, to repay a specific sum of money with interest.

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government bond

Front

A person who is named to receive a portion of someone’s estate.

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beneficiary

Front

Unit of ownership of a company which entitles the owner, or stockholder, to voting privileges

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common stock

Front

Certificates proving ownership of credit, ownership of stocks and bonds, and the right to ownership connected with tradable derivatives.

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securities

Front

An arrangement in which a designated person manages assets for the benefit of someone else.

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trust

Front

A fund that pools the money of several investors to buy a large variety of securities that meet the stated investment goals of the fund.

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mutual fund

Front

The ability to buy or sell an investment quickly without substantially reducing its value.

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investment liquidity

Front

A promise to repay the principal along with interest on specified date.

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bonds