Modified Final

an item of value that you own, such as cash, stocks, bonds,real estate, and personal possessions

• wealth

• asset

• liability

also called liquid assets include cash and savings that can be converted to cash quickly and easily

• fixed assets

• current assets

• liability

a current or future financial obligation ( unpaid bills, credit card charges, mortgages, personal loans, taxes)

• liability

• wealth

• asset

an illegal investment operation in which money from new investors is used to pay earlier investors

• Ponzi scheme

• Pyramid scheme

• chain letters

are US letters or e-mails that promise a big return for a small investment

• chain letters

• Ponzi scheme

• Pyramid scheme

a statement of instructions for specific medical treatment if a person becomes unable to make medical decisions

• living will

• will

• probate

purchasing a financial product or valuable item with the goal of increasing wealth over time in spite of possible loss

• investing

• finance

• stock

is a share in the ownership of a corporation

• preferred stock

• stock

• common stock

is a portion of a company's earnings that is paid to stock-holders

• dividend

• proxy

• common stock

is income that results from selling an asset for more than the purchase price

• cpaital gain

• capital loss

• stock