Discover key financial terms explained simply to help you make smarter money decisions.
Period when an individual builds assets
The purchase of one company by another
Total expense of acquiring an asset
Expenses incurred to acquire an asset
Loan taken to acquire an asset
Additional cost paid above an asset’s market value
Bond fund with actively managed investments
Income earned from work or business activities
Investment strategy with regular buying and selling
Costing method that assigns costs based on activities
Estimate used in calculating future financial events
Assessment of a pension plan’s obligations
Professional who assesses financial risk and uncertainty
Extra person covered under an insurance policy
Excess capital paid by shareholders over par value
Extra payment toward loan principal to reduce interest
Annuity with flexible payment or payout structure
Life insurance with flexible premium and coverage
Life insurance with flexible coverage options
Interest rate that varies based on an index
