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Financial Literacy in the News

Glossary of Terms

Purchasing a certificate of deposit, usually known as a CD for short, is a means of investing. To buy a CD, you give a financial institution - such as a...
This is a type of split-interest trust. It allows for a noncharitable beneficiary to receive income from the trust over a specified period of time. After that time has elapsed,...
A trust in which the interest of a beneficiary cannot be assigned (transferred to another), or disposed of by him, or attached (legally seized), or otherwise reached by his creditors. This...
Buying property is a huge financial commitment, the largest one that most people will ever make. As part of the buying process you will eventually make a formal offer for the property. At that stage it is important to make sure you don't get forced into going through with...
This is an alternative to a fixed rate mortgage. It's a mortgage for which the lender charges you an ...
A cash advance can be any situation in which you get money earlier than the time it would normally be due to you. However, it is typically encountered when credit card users want to effectively borrow money from the...
This is a financial newspaper published every weekday that is devoted almost entirely to business and financial news. There are many other financial publications, but the Wall Street Journal - or the Journal, as it's often referred to - has carved out for itself a position...
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