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| stock | a certificate of ownership in a corporation; also called shares |
| shareholder | a person who owns stock in a company. |
| dividend | a payment to shareholders - these are paid per share, so someone who owns more shares of stock will receive a greater amount of money |
| diversification | buying several different types of investments to spread the risk of investing. |
| insurance | a contract - called a policy - between a person and a company where the individual makes regular payments to receive reimbursement or payment for unexpected expenses |
| premium | The payment - often paid monthly or annually - to an insurance company for insurance coverage |
| co-pay | a small fixed fee paid by an insured patient to a medical provider; the rest of the billed amount is paid by the insurance company |
| claim | the request you make to your insurance company for payment of the benefits allowed by your coverage |
| deductible | specified amount of money that the insured must pay for covered medical expenses before the insurance policy begins to pay |
| Social Security | guaranteed retirement payments from the federal government for enrolled workers beginning at age 65 |
| income tax | a payment - often collected by employers - and sent to the federal or state government to support services of these agencies. |
| withholding | the amount of an employee's pay taken by the employer and sent directly to the government as partial payment of income tax |
| IRS | Internal Revenue Service - the government agency responsible for collecting taxes |
| W-2 | the form given to employees detailing the income received and taxes paid over the previous year. |
| W-4 | A federal tax form filled out by an employee to indicate the amount that should be withheld from his/her paycheck for taxes |
