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Financial Literacy in the News

Glossary of Terms

When a private company becomes a public company - in other words, sells shares to the public for the first time in an...
When a public company has to ask its shareholders to vote on a particular matter, it must prepare a proxy statement that will be sent to all the shareholders, detailing the matter or...
A private company is a company owned by one person or a relatively few people that is not selling shares to the public. Typically, family-owned businesses are privately held. If the owners of the company decide to turn the company into...
If you are in the difficult position of having defaulted on your mortgage payments and it appears that a formal foreclosure process will be started by...
This index measures the price of a fixed "basket" of goods that are typically bought by an average individual - a consumer. It includes things such as food, transportation, housing, health care, and entertainment. It's produced by the...
These are a form of pension plan in which - unlike the more traditional defined benefit plans, in which the final pension benefit is known - the amounts contributed are known...
An index fund is a type of mutual fund that invests its money in the stocks that make up a stock index, such as the...
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