Vocab #4

Question 1

Algorithm

Answer 1

a process or set of rules to be followed in calculations

Question 2

Speculation

Answer 2

investment in stocks, property, or other ventures in the hope of gain but with the risk of loss.

Question 2

Fixed

Answer 2

predetermined and not subject to or able to be changed.

Question 3

Bubble

Answer 3

Economic cycle that is characterized by rapid escalation of the market value of assets

Question 4

Dividend

Answer 4

a sum of money paid regularly (typically quarterly) by a company to its shareholders out of its profits (or reserves)

Question 4

Asset

Answer 4

useful or valuable thing, person, or quality.

Question 5

Default

Answer 5

failure to fulfill an obligation, especially to repay a loan or appear in a court of law

Question 6

Liability

Answer 6

the state of being responsible for something, especially by law.

Question 7

Audit

Answer 7

an official inspection of an individual’s or organization’s accounts, typically by an independent body.

Question 8

Pension

Answer 8

a regular payment made during a person’s retirement from an investment fund to which that person or their employer has contributed during their working life

Question 9

Gig

Answer 9

a job, especially one that is temporary or freelance and performed on an informal or on-demand basis.

Question 9

Supplement

Answer 9

add an extra element or amount to.