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Financial Literacy in the News

Glossary of Terms

Knowledge of percents and percentages is essential for understanding financial subjects. The word comes from the Latin phrase per centum that literally translated means "every hundred" or "by the hundred." Percentages provide a quick and consistent way of expressing amounts...
This is the most extensive (and usually most expensive) type of coverage available under homeowners insurance, and it guarantees that in the event of a...
A stock exchange is an association of people or a place where stocks are bought and sold. In America the most dominant stock exchange is the New York Stock Exchange (NYSE),...
In general, health insurance is the name given to any insurance plan that provides coverage for medical expenses or health care services. Individuals can buy health insurance for themselves,...
A cosigner is someone, usually a good friend (often a relative) of a borrower, who cosigns a promissory note when an unsecured loan is made,...
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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