Here are 10 financial terms everyone should know
- Compound interest. Compound interest is interest on the amount of money you have deposited or borrowed.
- FICO score. Getty Images.
- Net worth.
- Asset allocation.
- Capital gains.
- Rebalancing.
- Stock options.
- Defined-contribution plans.
What is financial jargon?
An account is a written or printed statement of business dealings or debts and credits, and also of other things subjected to a reckoning or review. Account may also refer to a sum of money deposited at a bank. Accounts is also a British term for financial statements.
What is a mex id?
What is The Meaning of MEXID? Security identification code issued by the Financial Times.
What is investment asset?
Investment assets are tangible or intangible items obtained for producing additional income or held for speculation in anticipation of a future increase in value. Examples of investment assets include mutual funds, stocks, bonds, real estate, and retirement savings accounts such as 401(k)s and IRAs.
What are the 6 principles of finance?
There are six principles of finance you must know
- The Principle of Risk and Return.
- Time Value of Money Principle.
- Cash Flow Principle.
- The Principle of Profitability and liquidity.
- Principles of diversity and.
- The Hedging Principle of Finance.
What does jargon buster mean?
Put information into Easy read and Plain English – Plain English means not using jargon or long words. Make sure staff are trained to communicate in Plain English. Put accessible information in the Local Offer.
What are Citi codes?
Each fund has its own unique Citi code, which is an identifier used by Financial Express.
