Chapter 17 Vocabulary Flashcards
stocks, bonds, and other financial instruments traded on a stock exchange
securities
risky business venture involving buying or selling in the hope of making a large, quick profit
speculation
method of buying stock with a small cars down payment and the rest borrowed from a stockbroker. Stockbroker holds shares of stock as collateral for the loan; borrower repays broker from stock resale profits
on margin
system of paying for goods at regular intervals, usually with interest added to the balance
installment
official authorization to suspend payments, as with a debt; officially authorized period of waiting
moratorium
elected official who continues to hold office during the period between the election and inauguration
lame duck
place or building where arms and military equipment are stored
armory