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Financial Literacy in the News

Glossary of Terms

An index fund is a type of mutual fund that invests its money in the stocks that make up a stock index, such as the...
The stock price is the price of one share. Because stocks are traded in a market, the price of a share can go up or down depending on how much it is in demand. For example, if a...
When you lease a car, this is another way of saying what the value of the car is when new.
This is an insurance term. It is when someone who has bought insurance is tempted to do something illegal to receive money from the insurance policy. In other words, moral hazard exists...
Visa provides merchant transaction services for its financial institution clients that issue credit cards; those cards are branded with the Visa symbol. Visa is one of the...
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