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Chapter 9 Terms - Living Today - Glencoe McGraw Hill

Saving - Chapter 9 Terms to Remember

AB
BondsLoans to a company or government.
Compound interestInterest paid on both the money deposited and the interest earned previously.
FundAdministers a sum of money pooled together from many people and handled by a financial manager.
InflationA continuous rise in the price of goods and services.
InterestMoney paid for the use of money.
InvestmentAn outlay of money in order to earn a profit or income.
PassbookA book that lists all deposits, withdrawals and interest to a savings account.
Safe-deposit boxA locked metal box in a vault at a bank used to store valuables.
StocksShares of ownership in a company.
Time depositsAccounts that pay higher interest rates than regular savings accounts.


Wally Jones

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