This glossary will help you solve various academic or real-world problems. In fact, this glossary will increase your knowledge about financial planning, reduce the stress (communication wise), help you get any future career advancements such as raises and a higher status, and more. This glossary has 22 terms. Also, to find the words and the definitions associated to the financial planning field, I simply had to search on Google and typed "financial planning glossary". I hope that this glossary will be helpful for any of you reading this!
amortization
noun
The action or process of reducing or paying off a debt with regular payments.
Example: While capitalization and AMORTIZATION undo accounting conservatism they introduce the problem of estimating AMORTIZATION rates to measure the decline in the value of intangible assets.
fr: amortissement
beneficiary
noun
A person who derives advantage from something, especially a trust, will, or life insurance policy.
Example: He argues that Luther was the prime BENEFICIARY of the radical changes of this period, because the people merely needed a leader.
fr: bénéficiaire
collectible
adjective
(Of an item) worth collecting; of interest to a collector.
Example: His books became increasingly COLLECTIBLE classics.
fr: objet de collection
deposit
noun
A sum of money placed or kept in a bank account, usually to gain interest.
Example: In week 18, the value of stock was £595799, which meant that we not only spent much money for inventory cost, but also lost interests that we can earn from DEPOSIT account.
fr: verser
expense
noun
The cost required for something; the money spent on something.
Example: They have also moved into other products which have increased their market but not at a huge EXPENSE as it's more development and expansion of existing products and themes rather than diversification.
fr: frais
fair market value
noun
A selling price for an item to which a buyer and seller can agree.
Example: The amount of mortgages or loans secured against the property is capped at a certain percentage of the FAIR MARKET VALUE of the property.
fr: juste valeur marchande
growth fund
noun
A mutual fund that invests primarily in stocks that are expected to increase in capital value rather than yield high income.
Example: The average large-company GROWTH FUND is down more than 15% on last year.
fr: fonds de croissance
inflation
noun
A general increase in prices and fall in the purchasing value of money.
Example: By 2000, every measure of INFLATION had ticked up, particularly consumer prices; productivity growth had slowed significantly and labour costs were rising at a fast rate because of rising wages and higher benefit costs.
fr: inflation
junk bond
noun
A high-yield, high-risk security, typically issued by a company seeking to raise capital quickly in order to finance a takeover.
Example: The average JUNK BOND now yields 5.6%.
fr: obligation de pacotille
keogh plan
noun
A tax-deferred retirement savings plan for self-employed workers.
Example: To minimize the taxes she pays, she has decided to start that Keogh plan for her business income.
fr: plan de keogh
liability
noun
Money owed by an individual or business that decreases net worth.
Example: Out of regard for financial reason, a union will probably not make such a strike official or, if the strike commences, the union will have to repudiate it in order to escape LIABILITY.
fr: responsabilité
mortgage
noun
A legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.
Example: I put down a hundred thousand in cash and took out a MORTGAGE for the rest.
fr: hypothèque
net worth
noun
The total wealth of an individual, company, or household, taking account of all financial assets and liabilities.
Example: With a NET WORTH of $150 million, he is among the richest golfers in the sport today.
fr: valeur nette
ordinary income
noun
Current income from various sources that is subject to standard marginal tax rates. Ordinary income includes salary/wages, net income from a business, dividends, and interest and capital gains that are reported on 1099 statements.
Example: Perhaps it would be optimal to pay no dividends at all due to the tax disadvantage of ORDINARY INCOME over capital gains.
fr: revenu ordinaire
probate
noun
The official proving of a will.
Example: The will was in PROBATE.
fr: homologation
rollover
noun
The extension or transfer of a debt or other financial arrangement.
Example: Investments would be returned after four months unless a ROLLOVER was requested.
fr: rouler
stock
noun
The capital raised by a business or corporation through the issue and subscription of shares.
Example: Between 1982 and 1986 the value of the company's STOCK rose by 86%.
fr: stock
trust
noun
An arrangement whereby a person (a trustee) holds property as its nominal owner for the good of one or more beneficiaries.
Example: A TRUST was set up.
fr: trust
unsecured debt
noun
A debt that is secured only by a borrower's promise to repay it, rather than by some type of collateral.
Example: A common example of an UNSECURED DEBT is the balance on a credit card.
fr: dette non garantie
value
verb
Consider (someone or something) to be important or beneficial; have a high opinion of.
Example: She had come to VALUE her privacy and independence.
fr: valeur
wages
noun
A fixed regular payment, typically paid on a daily or weekly basis, made by an employer to an employee, especially to a manual or unskilled worker.
Example: We were struggling to get better wages.
fr: salaires
zero-coupon bond
noun
A corporate, municipal, or Treasury bond that originally sells at a deep discount from its face value (generally $1,000) and whose value increases annually until maturity.
Example: The more investigating you do the more confidence you'll have investing in ZERO-COUPON BONDS.
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