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Financial Literacy in the News

Glossary of Terms

This is the general name given to the market where securities are traded after they have been offered in the primary market. For stocks, the primary market will be when the stock is first...
OSHA is the government agency that exists to prevent injuries and protect the health of America's workers while they're at work by assuring "safe and healthful working conditions for working men and women." It was created as a result of the...
When you get a credit card or take out a loan to buy a car, you might be offered credit life insurance. This is a form of life insurance that...
Joint tenancy is a form of asset ownership whereby the property is divided equally between the owners. So if there are two owners in joint tenancy, the property is divided equally in two; if there are four owners, then they each own a...
If you have defaulted on a loan that you took out to buy something substantial like a house or a car, the lender you borrowed the money from typically has the...
When you buy property, the transaction must be recorded in public documents. As with almost everything else that happens at the closing, there is a fee attached to this, called a recording fee.
This is a real estate term and refers to properties that are similar to the one you're trying to buy or sell. For example, if you want to get an idea of how much to sell your house for, you would look to see how much similar houses...
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