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Monday, May 20, 2024, 7:20 PM
Site: Financial Beginnings
Course: Financial Beginnings (Home)
Glossary: Module Resources
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SAVINGS ACCOUNT

An interest-bearing deposit account held at a bank or other financial institution.

SAVINGS PLAN

A plan for how to put money towards short, intermediate, and long-term goals.

SECURED LOAN

A secured loan is a loan guaranteed by something of value (collateral).

SIMPLE INTEREST

Interest earned on the original investment.

STOCK

Part ownership in a public corporation. The investor can earn dividend income and capital gains or suffer capital losses.