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12 Cards in this Set
- Front
- Back
Discretionary Income
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What you have left over after you have paid your bills.
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Principal
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The amount of money deposited by a saver.
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Interest
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Money paid for the use of money.
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Compound Interest
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Interest computed on the original principal plus accumulated interest.
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Annual Percentage Yield (APY)
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The actual interest rate an account pays per year, with compounding included.
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Share Account
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A savings account at a credit union.
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Securities
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Stocks and bonds issued by corporations or by the government.
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Stockbroker
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Works for the brokerage firm.
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Liquidity
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The ability of an asset to be converted into cash quickly w/o loss of value.
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Certificate Of Deposit
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A deposit that earns a fixed interest rate for a specified length of time.
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Maturity Date
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The date on which an investment becomes due for payment.
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Money Market Account
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A combination savings-investment plan in which money deposited is used to purchase safe, liquid securities.
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