| A | B |
|---|
| assessed value | The amount that your local government determines your property to be worth for tax purposes |
| yield | The percentage of money earned on your savings or investment over a year, also called the rate of return |
| commodities | Grain, livestock, and precious metals |
| common stock | Represents general ownership in a corporation and a right to share in its profits |
| corporate bond | Bonds issued by corporations |
| equity | The difference between the price at which you could currently sell your house and the amount owed on the mortgage |
| futures contract | Agreements to buy or sell an amount of a commodity at a specified price in the future |
| investing | Using your savings to earn more money |
| liquidity | The ease with which an investment can be changed into cash without losing its value |
| market value | The price at which a share of stock can be bought and sold in the stock market |
| mortgage | A legal document giving the lender a claim against real estate property |
| municipal bond | Bonds issued by local and state governments |
| mutual fund | Investments set up and managed by companies that receive money from many investors |
| preferred stock | Stock that has first priority in the payment of dividends |
| real estate | Land and anything that is attached to it |
| saving | Storage of money for future use |
| stock exchange | Business organizations that accommodate the buying and selling of securities |
| stockbroker | Licensed specialist in the buying and selling of stocks and bonds |
| collectibles | Items of personal interest to collectors that can increase in value in the future |
