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AOF Speaker on Economy - Vocabulary

AB
LiquidityCash flowing into the economy due to actions by the Federal Reserve
CreditThe ability to borrow money to purchase items/products.
UnderwriteEvaluate lending risk through the detailed analysis of a loan applicant's credit information
ForeclosureProcess in which a lender cancels a borrower's right of redemption of a mortgaged property.
SecuritiesFinancing or investment instruments bought and sold in financial markets
ShareholderIndividual, group, or organization that holds one or more shares in a firm.
MortgageA loan typically issued to purchase real-estate.
Fixed rate loanLoan agreement under which the interest rate and the amount of each payment remains constant throughout the life of the loan.
CapitalWealth used to create more wealth
Gross Domestic Product (GDP)Value of a country's overall output of goods and services (typically during one fiscal year) at market prices


West Forsyth High School

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