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Financial Literacy in the News

Glossary of Terms

For federal income tax purposes, adjusted gross income is determined by first taking the sum of your annual income from sources such as wages, salary, dividends, and...
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...
Social Security is a program funded by the federal government that provides three kinds of benefits: a monthly retirement pension benefit, a...
Pretax means the amount of money that individuals or companies have, or earn, before they pay tax. After paying tax, they have less money than before, known as after-tax. See also...
If you are an insured, you file a claim when you have had an accident that results in a loss. For example, if your car is damaged, you can make a claim to your insurance company asking...
Restricted stock is stock issued by a company to its employees. It's "restricted" because even though it might be awarded to an employee today, the employee usually cannot actually sell the stock...
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