Banking Vocab S24

FDIC

• (Federal Deposit Insurance Corporation) insures customer deposits, up to $250,000, in U.S. banks in the event of bank failure
• Securities and Exchange Commission - regulates stock market
• Reinvesting earned interest back into the principal to allow money to grow exponentially over time
• interest paid on the principal alone

capital markets

• where funds are exchanged between buyers and sellers in the form of equity securities, bonds, or other assets.
• A sum paid or charged for the use of money or for borrowing money
• interest paid on the principal alone
• aka: thrifts; financial institutions that hold customers' funds in interest-bearing accounts and invest mainly in mortgage loans

NCUA

• (National Credit Union Administration) federal agency that charters and supervises federal credit unions and insures savings in federal and most state-chartered credit unions
• Reinvesting earned interest back into the principal to allow money to grow exponentially over time
• (Federal Deposit Insurance Corporation) insures customer deposits, up to $250,000, in U.S. banks in the event of bank failure
• stocks, bonds, and mutual funds representing secured, or asset-based, claims by investors against issuers

financial markets

• market place where the tradition of securities occurs
• interest paid on the principal alone
• Financial institutions that accept deposits and make loans; insured by the FDIC
• Nonprofit, member-owned financial cooperatives that offer the full variety of banking services to their members; insured by the NCUA

the Fed

• the Federal Reserve System created by Congress in 1913 as the nation's central banking organization
• market place where the tradition of securities occurs
• stocks, bonds, and mutual funds representing secured, or asset-based, claims by investors against issuers
• aka: thrifts; financial institutions that hold customers' funds in interest-bearing accounts and invest mainly in mortgage loans

banks

• Financial institutions that accept deposits and make loans; insured by the FDIC
• where funds are exchanged between buyers and sellers in the form of equity securities, bonds, or other assets.
• (National Credit Union Administration) federal agency that charters and supervises federal credit unions and insures savings in federal and most state-chartered credit unions
• aka: thrifts; financial institutions that hold customers' funds in interest-bearing accounts and invest mainly in mortgage loans

compound interest

• Reinvesting earned interest back into the principal to allow money to grow exponentially over time
• a society where consumers rely solely on credit cards, debit cards, electronic accounts and checks
• where funds are exchanged between buyers and sellers in the form of equity securities, bonds, or other assets.
• Financial institutions that accept deposits and make loans; insured by the FDIC

savings & loan associations

• aka: thrifts; financial institutions that hold customers' funds in interest-bearing accounts and invest mainly in mortgage loans
• A sum paid or charged for the use of money or for borrowing money
• Reinvesting earned interest back into the principal to allow money to grow exponentially over time
• a society where consumers rely solely on credit cards, debit cards, electronic accounts and checks

simple interest

• interest paid on the principal alone
• (National Credit Union Administration) federal agency that charters and supervises federal credit unions and insures savings in federal and most state-chartered credit unions
• stocks, bonds, and mutual funds representing secured, or asset-based, claims by investors against issuers
• Nonprofit, member-owned financial cooperatives that offer the full variety of banking services to their members; insured by the NCUA

securities

• stocks, bonds, and mutual funds representing secured, or asset-based, claims by investors against issuers
• interest paid on the principal alone
• Securities and Exchange Commission - regulates stock market
• Reinvesting earned interest back into the principal to allow money to grow exponentially over time