Future finances empowerment VOcabulary words

1. Stock market: a particular market where stocks and bonds are traded.
2. Loan: something that is brought especially as some of money that is
expected to be paid back with interest
3. Asset classes: a class of investments that have similar characteristics
including risk factors and how returns are created.
4. Mortgage: an agreement that allows you to borrow money from a bank by
offering something of value like a house
5. Bond: using money to receive a profit by putting it into the stock market
through shares or property like a house
6. Taxes: how much and how quickly the value of an investment market or
market sector changes
7. Investment club: a group of people who pull their money to make
investments.
8. Diversification: investing in a variety of security so that you can avoid an
economic slump
9. Stockbroker: the use of debt to acquire additional assets
10.Producer: a person company or country that makes grows or supplies goods
for sales
11.Mutual fund: an investment program funded by shareholders that trades in
diversified holdings and is professionally managed.
12.Investment: the investing of money or capital to gain profitable returns
13.Future value: the amount that an investment will be worth at a future date
if it is invested at a compounded interest rate.
14.Bear market: a market in which prices are falling encouraging sales.
15.Dividend: some of money paid to shareholders of a corporation out of
earnings
16.Illiquid: not really lead convertible into cash
17.Annuity: a sum of money or an investment that is paid at regular intervals
18.Annual report: a required document that is made available to shareholders
on a yearly basis discloses a certain aspect of a firm’s operation and
financial condition.
19.Consumer: a person who buys goods or services for personal use
20.Risk: exposure to the chance of a loss
21.Income: money you receive on a regular basis for work or through
investments
 Future finances empowerment VOcabulary words

22.ROI: return on investment

23.Liquidity: the ability or ease with which assets can be converted into cash
24.Equity: your value of ownership in a company or property.
25.Capital gain: profit from the sale of assets as bonds or real estate.
26.Bull market: a market in which share prices are rising encouraging buying.
27.Cash: money in coins or bills
28.Marketing: when you tell and promote your product or services to people
for them to buy it.
29.Securities and Exchange Commission: a government Commission created
by Congress to regulate the securities market and protect investors.
30.Save: when you get money, and you don't spend it
31.Capital: the wealth whether in money or property owned or employed in
business by individual firm corporation
32.Interest: the money you own regularly on a loan or the extra money you
make when you invest
33.Stock: the money raised by a business or corporation when they issue you
shares
34.Inflation: a rise in the price or a fall in the value of money
35.Rental property: property owned by an investor that is rented by someone
needing a place to live.
36.Single family home: a freestanding structure that is built on its own parcel
of land intended to be used as a single unit for an individual or one family.
37.Multifamily home: a broad term to describe a single structure that is
divided to accommodate more than one housing unit.
38.Duplex: a type of multifamily home that is divided into two housing units
separated by either one wall or floor.
39.Townhome: a residual dwelling more than one story tall that shares one or
more walls with another unit.
40.English basement: a living space on the lowest level of a property partially
underground and partially above ground.
41.Apartments: five or more housing units within a single structure that share
common areas apartment buildings are owned by one company and each
unit is rented individually.
42.Condominium: five or more individually owned housing units within a
single structure that share common areas. A condo complex is like an
 Future finances empowerment VOcabulary words

apartment complex, but each unit has a different owner rather than one
company owning all the units.
43.HOA: hey organization within a housing community that creates and
enforces rules pertaining to units and residents within the community.
Property owners pay homeowner association fees and are subject to fines
for violating HOA rules hi no should be back.
44.Turnkey property: a property that does not need any improvement and is
either already rented out or already rented out immediately upon purchase.
45.Rehab property: a property that needs rehabilitation or major
improvements for it to be livable.
46.Property manager: an individual or a company that communicates on
behalf of the property owner that typically collects rent payments and
repairs and finds new renters.
47.Real estate agent: a licensed real estate professional who connects buyers
with sellers and assists with transactions. Real estate agents may be
thought of as the salespeople of real estate.
48.Landlord: a landlord is a property owner who rents out their property to an
individual.
49.Tenant: a tenant is the occupant or renter of a rental unit who pays the
landlord.
50.Mortgage: a type of loan from a bank or financial institute used for
purchasing a home, sometimes called debt service.
51.Cosigner: someone who signs along with the primary borrower promising
to repay the loan if the primary borrower does not.
52.Foreclosure: a legal process of a lender repossessing and selling a home on
which to borrow failed to make their payments.
53.Property tax: an annual amount of money paid by a property owner to local
governments.
54.Escrow: when a third party holds money or property until a certain
condition has been met in a real estate deal
55.Market value: the general value of your property based off what similar
properties have sold for nearby areas of demand and overall market
conditions.
56.Appraised value: a professional evaluation of a property’s actual worth
based off both properties’ conditions feature and its market value.
 Future finances empowerment VOcabulary words

57.Cap rate: calling capitalization rates are measured used to estimate and
compare the rates of return on multiple commercial or residential real
estate properties.
58.Debt to income ratio: hey lenders compare a borrower's monthly debts to
their total monthly income. A general rule of thumb is to keep your overall
debt to income ratio at or below 43%.
59.Depth service coverage ratio: DSCR is a metric that measures A borrows
ability to repay an annual debt service compared to the property amount of
income.
60.After repair value: an RV is the value of a property after it has been
improved or renovated.
61.Home equity: the difference in how much is owed on the mortgage and
current value of the home.
62.Appreciation: appreciation is the increase of your home or investment
property value over time.
63.Depreciation: depreciation is a decrease in the value of your property over
time.
64.Short term rental: a short-term rental is a furnished living space available
for short periods of time from a few days to weeks on end typically a
vacation house or Airbnb.
65.Utilities: utilities are services that are paid monthly and include services
such as electricity, natural gas water.
66.Section 8: Section 8 of the Housing Act of 1937 authorizes the payment of
rental housing assistance to private landlords on behalf of low-income
households.
67.Equal opportunity housing: equal opportunity housing means that
everyone has an equal right to be judged fairly in financing decisions related
to housing.
68.Eviction: eviction is the civil process by which a landlord may legally remove
a tenant from their rental property for example a tenant can be evicted
when they stop paying rent.
69.Security deposit: A security deposit is money that is given to a lender seller
or a landlord as proof of intent and may be used to pay for damages caused
by a renter.
 Future finances empowerment VOcabulary words

70.Annual fee: an annual fee is a yearly charge by banks and financial institutes
to customers for use of their credit cards.
71.Annual percentage rate: APR is the yearly interest generated by a sum
that's charged to borrowers or paid to investors.
72.Balance: credit card balance is the amount of credit you've used on your
card which includes charges made balance transferred and cash advances.
73.Billing cycle: the number of days between the last statement date and the
current statement date.
74.Cash advance: cash advance is the act of withdrawing cash against your
credit limit using your credit card.
75.Cash advance APR: cash advance APR the amount of interest charged on
any cash you withdraw from your credit card account.
76.Credit Bureau: a company that collects information related to the credit
ratings of individuals and makes it available to credit card companies and
financial institutes.
77.Credit limit: the maximum amount of credit that a financial institute or
other lender will extend to an adapter for a particular line of credit.
78.Credit report: a statement that has information about your credit activity
and current credit situations such as loan paying history and the status of
your credit accounts.
79.Credit reporting agency: the business that maintains historical credit
information on individuals and businesses.
80.Credit score: a prediction of your credit behavior such as how likely you are
to pay a loan back on time based on information from your credit reports.
81.Credit utilization rate: the amount of revolving credit you're currently using
divided by the total amount of revolving credit you have available.
82.Fixed APR: a fixed annual percentage rate is a rate that remains the same
for the entire long term and is based on current market conditions at the
time the loan is approved.
83.Foreign transaction fee: a fee charged by a credit card issuer or bank for
every transaction made in a country outside of the US.
84.Grace Period: A grace period is the period between the end of the billing
cycle and the date your payment is due.
85.Introductory APR: an introductory APR is a lower than usual APR that you
get for a set period when you open an account.
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86. Late payment fee: a late fee is a charge imposed on a consumer who fails
to make the payment on a debt or other financial obligation by the due
date.
87.Minimum payment: calling a minimum payment is the smallest amount of
money that you must pay each month to keep your account in good
standing.
88.Purchase APR: the interest charge added monthly when a balance is carried
on a credit card.
89.Security code CVV: CV is a card security code is a series of numbers that in
addition to the bank card number is printed on the card.
90.Cash back reward: cash back reward refers to a credit card benefit that
refunds the care holders account a small percentage of the sum spent on
purchases.
91.Chapter 7 bankruptcy: Chapter 7 provides relief to debtors regardless of the
amount of debt owed or whenever a debtor is solvent or insolvent.
92.Chapter 13 bankruptcy: chapter 13 bankruptcy enables individuals with
regular income to develop a plan to repay all or part of their debts.
93.Cosigner: someone who takes full responsibility for paying back a loan
along with the primary borrower.
94.Credit freeze: a credit freeze is an anti-fraud measure in which a credit
Bureau refrains from sharing a consumer's credit report with any third
party.
95.Credit union: credit unions are not-for-profit organizations that exist to
serve their members.
96.Debt consolidation: debt consolidation is the act of using a new loan to pay
off order debts and liabilities.
97.Federal Trade Commission: FTC protects the public from deceptive or unfair
business practices and from unfair methods of competition through law
enforcement, advocacy, research, and education.
98.Fraud alert: a fraud alert is a notice on your credit report that alerts
creditors that you may be a victim of fraud including identity theft.
99.Hard Pull or inquiry: when a lender pulls your credit report because you've
applied for new credit such as a credit card and it usually impacts your
credit score. *Soft pool or inquiry does not affect your credit score.
Future finances empowerment VOcabulary words