Chapter 19 Flashcards
Percentage of money earned on your savings or investment over one year
Yield
Priority over common stock; no voting rights
Preferred stock
No dividend rate; one vote per share
Common stock
Business organization that accommodates the buying and selling of securities
Stock exchange
Price at which a share of stock can be bought or sold
Market value
Bonds issued by local and state government
Municipal bond
Investment fund set up and managed by companies that receive money from many investors
Mutual fund
Land and anything attached to it
Real estate
A legal document giving a lender a claim against the property if the principal, interest, or both are not paid.
Mortgage
The difference between the price at which you could currently sell your house and the amount owed on the mortgage
Equity
The amount that your local government determines your property to be worth.
Assessed value
Using your savings to earn more money
Investing
