Unit IV Personal Finance Set II
undefined | undefined
Report Flashcard set
Vocab for Unit IV Personal Finance Part II
😃 Not studied yet (20)
Star these 20
New York Stock Exchange (NYSE)
The oldest and largest of the organized stock exchanges in the US.
Over the Counter (OTC)
Market for stocks that are NOT traded on a formal stock exchange.
One of the world's largest stock exchanges. An OTC market (most are tech companies).
A contract to buy or sell a commodity at a specified date and price.
Similar to a future, but only gives the right, not the obligation to buy or sell.
Measure of the change in prices for a specific set of stocks.
The Dow Jones Industrial Average (DJIA)
Tracks the stocks of 30 of the largest companies traded on the NYSE.
Standard & Poor's 500 (S&P 500)
An index based on the stock prices of 500 of the largest firms by market value.
When stock prices rise steadily.
When the trend in stock price is a steady decline.
A contract issued by a corporation promising to repay borrowed money, plus interest, on a fixed schedule.
The amount that the bond issuer promises to pay the buyer at maturity.
The date when the bond is due to be repaid.
The interest rate a bondholder receives every year until a bond matures.
The annual rate of return on a bond if the bond were held to maturity
A lower-rated, potentially higher-paying bond.
A calendar showing the interest and principal payments of a loan.
The original sum of money borrowed for a loan (the amount of money borrowed minus interest).
Money given to someone that is NOT paid back.
Money given to someone that DOES have to be paid back.