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Investment- put money towards something in order to get future benefits
Pharaoh & Joseph- famine in Egypt, Joseph was in charge
R&D- Research and Development, looks to the future
Interest- money you pay on a loan
Dividend- putting money towards something with the expectation of getting something back
Debtor- one who borrows money
Creditor- one who lends money
Checking account- an account that allows checks to be written and for the money to be taken out of the account
Transaction account-
Check- a paper that takes money out of your checking account
Savings account- an account where you put money in, and you get interest on it
C D- certificate of deposit, putting money in until a certain time, take money out early resolves in a penalty
Money market account-
FDIC- Federal deposit insurance corporation
Insurance- where you pay money for the intentuality of getting hurt
Premiums-
Pension Plan
Defined Benefit Plan- guaranteed money back
Defined Contribution Plan- tied to the stock market
Speculation-
Stocks- the resources corporations gather by selling ownership in their business
Corporation- legal entity
shares- a portion of a stock
Stockholder- an individual who owns shares
Limited Liability- provides protection if a corporation fails or declares bankruptcy
Bond- issued by government units
Mutual Fund-
Liquid investment-
Investment
Time-
Rate of Return-
Amounted Invested-
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