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Financial Literacy in the News

Glossary of Terms

This is when an asset goes down in value, as opposed to when it goes up, which is known as appreciation. Note that in accounting, depreciation has a specific meaning that is not the same as...
This is the actual rate of return on an investment such as a certificate of deposit, when ...
Interest is the cost of borrowing money. It's important because borrowing money is a fundamental part of the economy. Whenever money is borrowed, there is usually interest to be paid by the borrower...
A thrift is a financial institution primarily for consumer savings and mortgage lending. In practice this usually refers to a...
Real estate brokers are middlemen who help people buy and sell land, houses, buildings, or condominiums. When you decide you want to sell property that you own, you can engage a real estate...
FAIR is short for Fair Access to Insurance Requirements. Established by the federal government and administered by each state, FAIR Plans are a way of offering property insurance to...
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