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Savings Ch. 19
Business Apps
Question | Answer |
---|---|
The amount that your local government determines your property to be worth for tax purposes | assessed value |
Licensed specialist in the buying and selling of stocks and bonds | stockbroker |
Land and anything attached to it | real estate |
Represents general ownership in a corporation and a right to share in its profits | common stock |
Investments set up and managed by companies that receive money from many investors | mutual fund |
A legal document giving the lender a claim against real estate property | mortgage |
Items of personal interest to collectors that can increase in value in the future | collectibles |
Using your savings to earn more money | investing |
The percentage of money earned on your savings or investment over a year, also called the rate of return | yield |
Bonds issued by local and state governments | municipal bond |
Storage of money for future use | savings |
The difference between the price at which you could currently sell your house and the amount owned on the mortgage | equity |
Business organizations that accommodate the buying and selling of securities | stock exchange |
Bonds issued by corporations | corporate bond |
Agreements to buy or sell an amount of a commodity at a specified price in the future | futures contract |
The price at which a share of stock can be bought and sold in the stock market | market value |
Grain, livestock and precious metals | commodities |
Stock that has first priority in the payment of dividends | preferred stocks |
The ease with which an investment can be changed into cash without losing its value | liquidity |