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Financial Literacy in the News

Glossary of Terms

This is the actual rate of return on an investment such as a certificate of deposit, when ...
If you travel overseas and don't want to carry large amounts of the local cash with you, traveler's checks are a safe way to make sure you have easy access to money. You buy them in America, usually from a bank, and in exchange for, say...
When a public company has to ask its shareholders to vote on a particular matter, it must prepare a proxy statement that will be sent to all the shareholders, detailing the matter or...
A bond issued by a highly rated company (as rated by a credit-rating agency such as Fitch Ratings,...
This is the length of time for which a lease has been agreed. Lease periods are usually encountered when you lease an apartment or a car. Apartment lease periods are usually for a year. Car leases...
Tax is money that is taken from individuals (and from companies) in many different ways in order to pay for all the services provided by the government - federal government,...
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