Financial Instruments Flashcard

Front

A saving certificate with a fixed maturity date and specified fixed interest rate

Back

Certificate of Deposit

Front

A contract between an investor and an insurance company in which the company promises to make periodic payments to the investor

Back

Annuities

Front

An interest-bearing deposit account held at a bank or credit union

Back

Savings Account

Front

A type of mutual fund which invests only in low-risk securities

Back

Money Market Fund

Front

An employer-sponsored retirement savings plan

Back

401k Plan

Front

A type of savings account which earns a higher interest rate than a standard savings account

Back

High-Yield Bank Account

Front

A tax-advantaged savings plan designed to encourage saving for future college costs

Back

Qualified Tuition Plan