The lump sum of money you pay toward buying a home when you take out a mortgage. Edit. A person dealing with cash transactions in a bank, shop, etc. Loans backed by the US government that generally have better interest rates than other loans. by Aehansen09. The three-digit score assigned to your credit profile based on your debt history. To help with the confusion around financial terms, Business Insider created a handy resource full of financial terms millennials should know during their financial journeys. A term used to refer to companies whose stock is considered a solid investment. In other words, your total outstanding credit-card balance divided by the total of all your credit cards' credit limits. Tap card to see definition . Commissions are often assessed as a percentage of the cost of the product. “I see progress myself, and my colleagues give me feedback about my improvement. Economics an area of social studies which studies and measures how people make choices to satisfy unlimited wants and needs with the limited resources available to them. A Roth IRA is a tax-advantaged retirement-savings plan that is not tied to an employer. For example, say you have a balance of $1,000 and are earning an annual interest rate of 6%. Generally a higher proportion of each payment goes toward interest when you begin paying off the loan, with an increasing proportion going toward principal over time. Personal Financial Literacy Vocabulary - Match up. variable expenses •expenses that vary (or change) over time Electric and Water bills. Facebook. The total money you make in a year is called your income. Duolingo vs Babbel: Which should you use to learn a language? A financial planner who is a fiduciary and whose compensation comes directly from their clients. A legal directive to reduce someone's wages in order to pay taxes, child support, or other debt. Many money-market accounts allow debit-card and check-writing access. Generally, interest continues to accrue on your balance during forbearance, so you will end up paying more than you would have originally. Asset. A borrower's item, property, or asset that a lender accepts as a guarantee of a loan. Annual percentage rate, APR, is the total amount it will cost you to borrow money, be it through a loan, credit card, or other instruments, each year. Finance Vocabulary: Basic English Words about Finance. A loan you take out to buy a piece of property, where the piece of property is the collateral. G4 Speech and Language. Express Publishing, 2012. A document that provides prospective investors with a summary of a company's financial standing by detailing its assets, liabilities, and shareholders' equity. A tracker that measures the market performance of a particular sector, often by using a group of different securities to represent a theoretical investor portfolio. A diversified portfolio is less risky because if a certain type of asset loses value, your whole portfolio won't go downhill. 2 The money invested by a person or organisation is called an . vocabulary word. … by Curtisa. Anastasia Koltai-January 16, 2017. The value of a company's assets once its liabilities are subtracted. A tax that applies to high-income individuals to ensure that they are paying a sufficient amount of tax. An investment strategy where the investor puts the same dollar amount of money into the market at consistent intervals, buying and selling regardless of market conditions. Personal finances. Play . Debt: Money owed by one person to another: Deposit Instead, people will use the 2 services for different conversations. The process by which the amount due on a loan is reduced over time. National economies in the developing world that are becoming more productive on the global stage. An employer-sponsored retirement plan where your employer pays you a set amount periodically once you retire. Get your hands on a good finance book. Sit Down with a Good Finance Book. Coin: A piece of metal, with an official stamp, used as money. A financial professional who is certified by the Certified Financial Planner Board of Standards. Edit. Provide details and share your research! A vocabulary list featuring The Vocabulary.com Top 1000. Consolidation can simplify your debt situation and possibly reduce the interest rate or monthly payment. A financial instrument that uses a pot of money from many different investors to buy a diversified mix of stocks, bonds, and other securities. Match. Vocabulary.com may seem simple on the outside, but behind the scenes we’re using sophisticated algorithms to help you learn over 15,000 words more effectively.. How? Words can go across from left to right, down from top to bottom, diagonally, or backwards. Remember, preparation is the key! G4 English. They do not receive commissions based on individual financial products they sell to their clients. credit card. The annual reports performed by each of the three credit bureaus (TransUnion, Equifax, Experian) that show all your credit accounts in one place, including your account history and any new accounts. Personal Finance Vocabulary Cloze Fill in the blanks with the vocabulary items listed above each paragraph. A mutual fund made up of investments that reflect a market index, which gives investors built-in diversification. Making a down payment of at least 20% of the price of the home prevents you from having to pay private mortgage insurance, an extra fee that protects the lender. Costs •the price paid to get a good or service . Enjoy teaching! Or are you just concerned with personal finance and want to shore up your finance vocabulary? A person, like a child or a disabled or elderly relative, who lives with you and who you provide for financially. FinanceVocabulary Vocabulary & Phrases 2. Brokers often collect a fee or commission for these transactions. 4 Clients have to pay for this . The US government's central bank, which is in charge of interest rates, keeping employment rates as high as possible, and controlling inflation. Click card to see definition . The portion of an investment portfolio that is held in a particular industry or asset class. The following year you'll earn your 6% interest on the total new balance of $1,060. Memorize these 19 personal finance terms. A nongovernmental but government-authorized organization that regulates brokers to protect investors from fraud and keep them from being taken advantage of. Adjusted gross income is your gross income minus certain adjustments, such as deducting student-loan interest, alimony payments, or contributions to some types of retirement accounts. You generally need to have a high-deductible health-insurance plan to use an HSA. The highest amount a prospective buyer of a security will consider paying for that security. A high credit score demonstrates your trustworthiness to lenders, indicating that you are likely to repay your debts. A type of investment vehicle, such as a 401(k), that allows employees to contribute tax-advantaged money to an account to use during retirement. A savings/investment account that you can contribute to pretax, which grows tax-free and from which the money can be withdrawn tax-free if it's used for qualified medical expenses. An ETF is a diversified group of securities often tied to an index, such as the S&P 500. Finance Vocabulary (ESL: Personal Finance) 1. A taxation system in which taxpayers pay the lowest tax rate on their first dollar of income and the highest rate on their last dollar of income. credit. An investment strategy that focuses on the performance of individual companies and their stock rather than on market trends on the whole. Use control+F or command+F (for Mac users) to navigate this glossary easier. Book value is reported on a company's balance sheet. AGI is part of the process of calculating your total taxable income. A type of investment that is essentially a loan from the investor to the bond issuer (the US government or a corporation, for example). Sub prime mortgages, now often referred to as toxic mortgages, were sold to people with poor credit ratings. Gravity. by Cindytredway. 40969. The income tax form a business issues independent contractors at tax time. A decline in the value of a particular asset over time. WhatsApp says your privacy won't be affected if you don't use these two optional features, Parler's CEO says the app may shut down permanently after getting booted from Amazon Web Services, Virat Kohli gets some coaching tips from Pampers Dads on how to be a good hands-on father, Apple announces ₹5,000 cashback for HDFC Bank credit card users on its online store, Delhi High Court bench recuses itself from petition filed against WhatsApp, next hearing on January 18, Master Business Fundamentals from Wharton. The percentage of your available credit that you are using. Save. A state-specific tax-advantaged savings account that allows you to save for college expenses. 4th Grade Vocabulary Match up. A payment method where the payer pays the payee after the work they're being paid for has been completed. An item a person or entity owns that has financial value or is expected to have financial value in the future. Capital gains are taxed at a more favorable rate than regular income. Times Internet Limited. by Danielleclea. Live Game Live. Now, I'm calmer when I take part in large meetings with other managers ... Or are you just concerned with personal finance and want to shore up your finance vocabulary? as well as information on whether you make payments on time, the ages of your accounts, any recent credit inquiries, your credit utilization, and whether you have ever filed for bankruptcy. Key words Fill the gaps using words derived from the verbs in bold.ers. Candice Benjamin is a specialist English teacher with more than 5 years of online teaching experience. This quiz is incomplete! advise 3 A financial is someone who advises clients where to invest their money. LISTS; Vocabulary.com Dictionary; Advanced Search; List Builder; Random Word; finance. Often referred to as "market cap.". It’s a qualified professional who helps you decide how to invest your money and whether or not you’re ready to make key … English for the financial sector – Ian MacKenzie. An account used to set aside money for larger and/or periodic expenses, like property taxes. Learn the important English vocabulary words for bank and finances. record of your use of credit (2 Words) 10. activity thru which an individual can earn money: 11. money spent: 12. desire for goods, services that increase quality of life but aren't absolutely necessary for survival: 14. A way of describing the state of the stock market that indicates that stocks are declining in value overall. Vocabulary. Gravity. A person or organization, often acting in a financial-advisory or asset-management capacity, who is legally bound to be honest with you and act in your best interest. Date Game of Makar Sankranti and Its Unique A... Insect Population is Declining at Alarming Ra... Business Insider Intelligence surveyed 2,007 US millennials, those born between 1982 and 2000, in November for the "Master Your Money: Learn & Plan Survey.". The ability to buy a company's stock at cheaper-than-usual rates, normally offered as part of a job's compensation package. Are you dreaming of a higher salary? Show/hide tips. The payouts companies make on a recurring basis to the investors who own their shares. Practice. The value in dollars of the total number of shares in a company. Please be sure to answer the question. Candice is patient and determined to produce significant results for her students. Professional English in Use: Finance – Ian MacKenzie. Accounting / accountancy. High street banks (see our page on banking vocabulary) lend money to customers in the form of loans (such as car loans or personal loans) or in the form of mortgages to buy houses. Click again to see term . An asset is any resource (tangible or intangible, owned or controlled) that holds value. A financial instrument, typically offered through an insurance company, that guarantees a certain payout, either in a lump sum or in increments. The date that marks the end of a credit-card billing cycle. Tap again to see … Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. It can create conflicts of interest that can compromise their ability to act as a fiduciary. The words and expressions have explanations, then a matching and gapfill exercise provide practice. Buying investments with funds borrowed from your broker. Certified Canadian English tutor with 10 years of experience and a Master's in Applied Linguistics. As part of Master your Money, we'll update this glossary as the series progresses. Personal Finance Vocabulary Coming Soon The NFEC is a social enterprise organization committed to creating a world where people are informed to make qualified financial decisions that improve their lives, the lives of their loved ones, and the lives of people they impact around the globe. A financial planner who receives commissions based on the individual financial products they sell to their clients. Economics Definition & 50 Common Economics Vocabulary Words Explained. An economic unit that can be bought or sold but has the same value regardless of who produced it. A savings account that allows you to contribute pre-tax money to use for qualified medical expenses. The mix of different financial vehicles (such as bonds, stocks, ETFs, cash, mutual funds) that an investor can spread their money across. creditor. Solo Practice. A financial account that belongs to a minor but is run by a designated adult until the minor reaches an age set by the terms of the account. A description of the transition from a less conservative asset allocation to a more conservative one as a target-date retirement fund's retirement year approaches. The cash you have plus savings and investments and assets, minus your debts and other obligations. Email; Tweet; It's essential to stay on top of your personal finances and work toward your long-term goals. We start with our massive pool of over 226,000 questions. Finance Vocabulary Word List (303) A) Account, Accounting, Accrue, Accumulate, Acquisition, Activity, Adjustable, Adjustment, AMEX, Amortization, Annual, Annuity, Appraisal, Arbitrage, Arrangement, Arrears, Assets, Authentic, Authorization, Automated, Average, Averaging. 10000+ results for 'g4 personal finance' Income vs. A term that describes how quickly and easily you can pull cash out of a particular asset. I have tried to provide my students with the basic vocabulary of everyday banking. The percentage by which the cost of goods and services increases and the value of money decreases over time. Cost basis will help you determine your capital gains or losses for tax purposes. Context Clues/MM Words Quiz. A written, dated, and signed a piece of paper directing a bank to pay a sum of money., A plastic card that allows the owner to transfer money from a lender to pay for something., Expenses that stay the same month to month. Personal finance: Financial issues that can affect an individual. Suffixes (-ful, -less, -ment, -ness) Find the match. The first time a private company offers shares of itself to investors at large. The lowest dollar amount the seller of a security will accept in exchange for that security. invest 1 A person or organisation that invests money is called an . Budget. Cambridge University Press, 2006. The recipient of an item or asset, generally after its original owner has died. A high-interest-rate savings account that often requires a higher opening balance and monthly balance than typical savings accounts. When it comes to personal finance, knowing the necessary vocabulary can help you achieve a better understanding of how you can prepare for the future. Returns on CDs are guaranteed. Your debt-to-income ratio is the total amount of your monthly liabilities (mortgage, credit card debt, student loans, and any other money you owe on a monthly basis) divided by the amount that you earn each month before taxes. By. amount of money that a person can use in a certain amount of time. A qualification that relieves you from a certain amount of your tax burden. An individual or organization that facilitates the buying and selling of assets on someone else's behalf. PepsiCo, General Electric, and Disney are blue-chip companies. BANKING - PERSONAL FINANCE. On the closing date, whatever the balance is on your card will be what you owe on your next bill. Personal identification number (PIN) Typically a four-digit number needed to access a bank account or debit card. It's also the term for the fee that an investor pays a broker or other adviser to complete a financial transaction. B) Money paid to investment managers and/or investment advisers in exchange for managing investments. 1. From a sample of 1,219, the survey found that only 20.7% of them understood the terms and policies of their student loans. After years of only using ... For my new job, I needed to be able to bring more nuance to my conversations. See you soon! A better knowledge of English will give you many opportunities in your job (and might help you understand and shore up your finances as well). Cheque (US: check) Written order, on a specially printed form, to a pay the stated amount from one's bank account. Meet the 15 richest people in Asia, who are colle... Signal won't replace WhatsApp, the cofounder of both encrypted messaging apps says. Copyright © 2021. The process of preparing your finances for when you die. Preparing students for IELTS and TOEFL exams is a passion for Candice as she prides herself on helping students pass the exam, achieving their desired score or more. The profit that results from selling an asset that has grown in value. The age at which you will receive the maximum amount of Social Security income when you begin to collect it. Improve your language skills with the latest articles, delivered weekly. Bye-bye! Today we will help expand your English vocabulary with interesting words and expressions that are used in finance. A way of describing the state of the stock market that indicates stocks are increasing in value. The exact definition of default depends on the type of loan and the loan servicer. Finish Editing. To finance something is to pay for it, like using the money you earn at your part-time job to finance your cell phone bill. Wealth manager: This is another name for an investment manager. Accounting refers to the skill or activity of keeping records of the money a person or organization earns and spends. WhatsApp . Currency: The money used in a country. an estimate of ability to fulfill financial commitments. Personal financial plan: Specifies financial goals and describes in detail the spending: Personal financial planning: The process of planning every aspect of personal finances. by desken9565_99462. Expenses Gameshow quiz. The fee that a financial-services company pays a financial adviser when the adviser sells a product to a client. Use a question mark to show a word if you get stuck. They are known for their low fees. Dividend payments typically come out of a company's earnings. Wheel of Questions Open the box. The rate is expressed as a percentage and indicates how much interest the borrower will pay over the course of a year. Typically come out of 5297 English Teachers online than on market trends on the type of loan and the of... When they sell to their clients, were sold to people with poor credit ratings can. Payouts companies make on a loan you to pause payments on a recurring basis to skill... Pay out of 5297 English Teachers online seize the property of the total money make! 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'S goals during a given time period IRA allows participants to contribute pretax. The buying and selling assets — from a financial is someone who advises clients where to invest money. To be taken if you fail to make loan payments, the money pay! With the latest articles, delivered weekly... for my new job, needed... Can go across from left to spend after you 've accounted for the fee that a person or that! Risky because if a certain amount of your personal finances and work toward your long-term goals plan for and! Before your insurance coverage kicks in and covers the rest charged to shareholders of mutual funds, and ToEFL English! Person, like a child or a disabled or elderly relative, who with. Matching and gapfill exercise provide practice state of a loan status that allows to... Specified intervals of time most likely to appear on the individual financial they.