Know These Terms

Dough 2

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me bagThe following terms are some good ones to remember when dealing with any financial product so that you can make educated financial decisions.

Capital: Wealth in the form of money or property.

Capital gains: Earnings from the sale of an investment.

Collision insurance: Auto insurance that covers definite costs if your vehicle is damaged.

Compound interest: Interest calculated on both the principal and the accumulated interest.

 Contribution limits: Maximum legal limit on contributions to a specific account.

 Executor: A person or institution chosen to carry out the terms of a will.

Investment portfolio: A variety of investments held by a person or organization.

 Investment strategy: A set of rules or actions to guide an investor’s selections

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