| A | B |
|---|
| currency | coins and paper money |
| bankruptcy | legal declaration that a person or business cannot pay debts owed. |
| creditors | people who are owed money |
| collateral | property used to guarantee repayment of a loan. |
| savings and loan | banks which help people purchase homes. |
| credit unions | NON-Profit similar to banks established, owned, and operated by people who work for a single company or belong to a single organization. |
| Federal Reserve System | System which handles the banking needs of the Federal Government while regulating the US banking system. |
| Bear Market | is a general decline in the stock market over a period of time. |
| Certificate of Deposits | form of saving, savers invest certain amount of money for a specified period of time, known as CD. |
| brokers | people employed by brokerage houses to buy and sell stocks for custormers. |
| stock exchange | where shares are bought and sold. |
| mutual funds | large number of stocks owned in shares by many people.Investment to reduce risk to shareholders. |
| insurance | system of spreading risks over large number of people. |
| premium | small amount paid for protection against risk. |
| private insurance | voluntary insurance that individuals and companies pay to cover unexpected losses. |
| social insurance | government programs that protect individuals from future hardship. |
| Social Security | Social insurance which provides old-age, survivors, and disability insurance. |
| Medicare | health insurance program for U.S. citizens ages 65 and older. |
| Medicaid | health insurance program that provides money to help states pay medical costs of people with low incomes. |
| retail | the sale of goods to the public in relatively small quantities for use or consumption rather than for resale |
| wholesale | the selling of goods in large quantities to be retailed by others. |
| patent | The exclusive right granted to an inventor in most countries is the right to prevent others from making, using, selling, or distributing the patented invention without permission. |
| equity | The value of the shares issued by a company. Ownership in a company. |
| NYSE | The "Big Board", is a stock exchange located at 11 Wall Street. It opens at 9:30 and closes at 4:00. |
| Nasdaq | It was the world's first electronic stock exchange. |
| Dow Jones | It is an index that shows how 30 large publicly owned companies based in the United States have traded during a standard trading session in the stock market |
| Bond | A form of loan or IOU: the holder is the lender (creditor), the issuer is the borrower (debtor), and the coupon is the interest. |
| Bull market | is a period of generally rising prices of stocks. |
| proprietary | ownership |
