Monday, May 20, 2024, 5:49 PM
Site: Financial Beginnings
Course: Financial Beginnings (Home)
Glossary: Module Resources
T
TARGET DATE RETIREMENT FUND A Mutual Fund that gradually changes the mix of stocks versus bonds depending on the age of the investor. |
TIME VALUE OF MONEY The concept that money you have now is worth more than the identical sum in the future due to its potential earning capacity. |
TOTAL RETURN The income plus the capital gain/loss earned by the investment. |
TRANSUNION.COMTRANSUNION.COM website One of the three major credit reporting agencies. |
U
UNDERINSURED MOTORIST COVERAGE Provides coverage after the other party’s insurance has been exhausted. |
UNINSURED MOTORIST COVERAGE Provides coverage if one sustains damage caused by an uninsured driver. |
UNSECURED LOAN An unsecured loan is a loan that has no collateral securing the loan. |
V
VARIABLE EXPENSESAn expense that can change. |
VARIABLE-RATE LOAN A variable-rate loan is a loan where the APR can change when market indexes or other interest rates fluctuate. |
W
WEALTHA measure of the total value of all the assets of worth a person possesses. Wealth is personally defined and is not just tied to money. |