| A | B |
|---|
| liquidity | The ability of an asset to be converted into cash quickly and without any price discount |
| maturity date | The date on which a debt becomes due for payment. |
| interest | The fee charged by a lender to a borrower for the use of borrowed money |
| share account | a checking or saving account used in Credit Unions |
| principal | The amount borrowed, or the part of the amount borrowed which remains unpaid |
| compound interest | Interest which is calculated not only on the initial principal but also the accumulated interest of prior periods. |
| discretionary income | The amount of an individual's income available for spending after the essentials |
| stockbroker | Broker who deals primarily with transactions involving stock. |
| money market account | A savings account which shares some of the characteristics of a money market fund. |
| certificate of deposit (CD) | higher rates of return than most comparable investments, in exchange for tying up invested money for the duration of the certificate's maturity |
| securities | an investment instrument; stocks and bonds |
| annual percentage yield (APY) | The rate of return on an investment for a one-year period. |
