Financial Definitions, from A-Z.

Federal tax applied on the transfer of money or property if exceeding value of $15,000 per person, gifted

Your total earned income over the course of the year via wages, dividends, capital gains, commissions before taxes or deductions

Officially known as "Individual Retirement Account" - investment account that allows you to contribute pretax or after-tax money towards stocks, bonds or mutual funds. Any potential earnings here are grow tax deferred and you can only withdraw after age 59.5yrs

Goal within the next 1 year

Professionally managed funds that try to match the returns of a specific index - US stocks, global stocks, specific industries, bonds, alternatives(oil, gold, real estate)

Inflation refers to the overall increase in the cost of goods and services overtime With Increase in prices, the spending power of your dollar is reduced

Company that lended or credited the money along with the account opening date

rate that can be earned or charged on your money depending on if you save it or borrow it

Rate that can be earned or charged on your money depending on if you save it or borrow it

note to self; add simplified definition

A mixture of different type of assets such as stocks, bonds, cash, etc that aims to grow over time and earn a return

you have to figure out all the specific deductions that you are eligible for and add them all together

How easily can you purchase and sell your invested assets and how easily can you convert your invested asset into cash?

Goal within the next 10+ years

This defines the overall dollar amount of a company's total shares of stock. This helps in also indicating the value that a company is worth on the open market

liquid security

Type of fixed income mutual fund that seeks to invest in highly liquid and low-risk investments

Type of loan that lets you buy a house and pay back the cost in regular installments over time. Two variations fixed rate and Adjustable-Rate

Professionally managed funds that pools together money from a large group of investors in order to buy a portfolio of investments

• This happens when two assets perform against each other. When one goes up, the other goes down. Usually these are quantitatively indicated with a number of -1.0 ◦ ex) U.S Oil Fund (USO) and U.S Global Jets ETF (JETS). Here, as one asset increases in performance, the other decreases

hard to sell security

Once the statement is generated, the due date for the billing cycle will typically vary by the credit card you have. For example if your statement will be generated Sep 10th, you might have till Nov 10th to pay the remaining balancing charges of $500 before you accumulate interest on it.

record of all your payments (on-time, delayed and missed)

Type of retirement fund for an employee. When the employee retires, the employee is paid through their pension

contributions that are arranged in the present and given for a future date