A | B |
Financial Institution | Organization that collects funds from the public to place in financial assests like stocks, money market, bank deposits |
ATM Card | allows use of basic financial services from an automated teller machine |
Debit Card | looks like a credit card, works like cash or check |
Debit | amount deducted from bank account |
Credit | financial trust extended to a person or business by a lender; a loan |
Credit Card | card authorizing the holder to buy goods or services |
Interest | payment for the cost of using someone else's money |
Opportunity Cost | next best alternative given up when making a choice |
Savings Account | interest bearing financial institution accounts where people put money aside for the future |
Invest | commit money in order to gain profit or interest |
Stock | share of a corporation sold to the public |
Mutual Fund | business that pools people's money for investment in stocks or bonds of various corporations |
Rate of Return | investment's percentage change, factoring in dividends, capital gains, and reinvestment of distributions |