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Financial Literacy in the News

Glossary of Terms

A trust in which the interest of a beneficiary cannot be assigned (transferred to another), or disposed of by him, or attached (legally seized), or otherwise reached by his creditors. This...
If you have valuable items such as jewelry or important documents, you might not want to keep them at your home in case they are lost, stolen, or destroyed. Most banks maintain a special area within their vault - that is, behind very...
A stock split is when a public company decides to split the number of its shares outstanding, thereby instantly increasing the number. The price of each...
This is a program given as an employee benefit by some employers. It provides employees with a way to get help with all kinds of personal problems they might have. Typically, an employee can call the program (usually operated...
A fiduciary relationship in which one person or entity (the trustee) is the holder of the legal title to property (the trust property/...
This is a form of defined contribution benefit plan set up by your employer in which the contributions must be invested in the company's...
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...
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