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Financial Literacy in the News

Glossary of Terms

This is the general name given to the market where securities are traded after they have been offered in the primary market. For stocks, the primary market will be when the stock is first...
In health insurance, a referral is when your regular doctor authorizes you to see another doctor who specializes in treating your particular condition. Your doctor therefore "refers" you to that other doctor. In some plans...
Liability insurance covers you if you do something that causes either harm to another person or damage to another person's property. For most private individuals this usually means ...
An ESPP gives a company's employees the opportunity to buy stock in the company, usually by payroll deductions. Stock bought in this way is usually...
This is an insurance phrase, often P.D. for short. It means damage to property, either yours or someone else's. Note that in automobile insurance it usually means damage to someone...
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