Glossary

Term of the Week: Creditworthiness

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Bankruptcy

When someone has more debt than he/she can pay, he/she may file for bankruptcy.

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Bear Market

In reference to the stock market, a bear market is a period of time characterized by investors holding or selling.

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Beneficiary

A beneficiary is a person or other legal entity who receives money or other benefits from a benefactor.

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Bid

A bid is the amount an investor offers to pay for a security.

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Broker

A broker is an individual who purchases or sells assets for other individuals or businesses.

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Budget

A budget is a financial plan that includes an itemized list of expected income and expenses.

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Bull Market

In reference to the stock market, a bull market is a period of time characterized by investors buying.

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Capital Gain

A capital gain is profit from the sale of an investment asset (such as real estate or stocks).

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Certificate of Deposit (CD)

A certificate of deposit (CD) is a secure investment with a fixed interest rate deposited for a period of time.

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Compound Interest

Compound interest is interest that is calculated on both the principal investment and the accumulated interest.

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