World bank glossary world bank documents world bank group. Project financing glossary 144a offering an offering under rule 144a of the securities act of 1933. Accounting and finance terminology public schools of. This publication, a glossary of public finance terms for. Englishspanish, spanishenglish glosario del banco mundial. Like a flight simulator for finance and life, goventure personal finance enables students to learnbydoing.
The total structure of records and procedures which discover, record, classify, and report information on the financial position and operations of a governmental unit or any of its funds, balanced account groups, and organizational components. This glossary does not include terms defined in the cash basis ipsas, financial reporting. Financial advisers and other finance professionals will some time use financial language that is hard to understand. Its easy to use, visual, interactive, and exciting. Wright, director of the thomas willing institute for the study of financial markets, institutions, and regulations and the nef family chair of political economy, augustana college sd this work is not ed. Certified public accountant cpa accountants who meet specific educational requirements and pass a national examination auditor professional whose work involves checking on the accuracy of work completed by bookkeepers and accountants bank teller bank employee who handles deposits. Capital ratio total of tier 1 capital plus tier 2 capital, all divided by rwas. A collection comprising financial documents only, not goods. Glossary this document is intended for use by university staff as a tool to understand financial terminology. Click on the terms and definitions below to learn more. Lapsed option 2 absolute return absolute return is the return that an asset achieves over a certain period of time. Explain the purpose of a credit record and identify.
Organize and plan personal finances and use a budget to manage cash flow. In national accounts, nonfinancial nonproduced assets consist of assets that have not been produced within the production boundary, and that may be used in the production of goods and services. The a to z of financial terms plain english campaign. Maintain creditworthiness, borrow at favorable terms, and manage debt. Etfs can be used to track various investments such as commodities, bonds, or a basket of assets like an index fund and can be bought and sold in the same way as other shares on an exchange. When a pdf file is used, the transferred data is read only so it cannot be altered. Lease a contract granting the use of property for a specified length of time in exchange for a specified rental price. In the housingfinance business, a mortgagebacked security or other bond created and sold by a company other than a governmentsponsored enterprise. Glossary of aviation finance terms airbusiness academy. A lease agreement where the tenant is responsible for both property taxes and premiums for insuring the building.
The blackwell encyclopedic dictionary of finance edited by dean paxson and douglas wood. Build a pdf by copying and pasting material or dragging and dropping files onto a blank document in nitro pdf. The following glossary defines terminology used within the. Some loan and finance agreements have lower repayments than normal in return for a high final payment. Sample personal financial planning report file type pdf. It is a payment made by public authority other than one made in exchange for goods. Use the alphabetic index to move quickly your term of interest. The cost of borrowing money that typically comprises interest and other fees. Layaway a method of paying for merchandise through several installments. Properly completed bids will include the terms and conditions of the offer and often list exclusions. A number of sessions resources to assist with teaching the basics of money management. Identify the costs and benefits of various types of credit. Unfortunately, given the nature of personal finance, confusion over terminology can.
Analytical proceduresevaluations of financial information through analysis of. This is usually due to them being so used to the language that they forget that their clients sometimes have a hard time understanding the terms they are using. Glossary of finance terms national association of counties. Privatelabel securities frequently are collateralized by loans that are ineligible for purchase by fannie mae or freddie mac. Public agency financial management frequently involves terms that are unfamiliar to nonexperts, the definitions of which also involve other unfamiliar. Some of these cookies are essential to the operation of the site, while others help to improve your experience by providing insights into how the site is being used.
The guide is an important resource that will help to create a much greater understanding of. Amortization the repayment time period of a loan or debt the number of years over which youll repay the loan or debt apr annual percentage rate a standard calculation by lenders to show what the interest rate and fees are on a credit product e. This is a filing option for taxes available to married couples. Kristin davis, kiplingers personal finance magazine this is a great book. Having launched it originally in 2004 we have now updated it with modern terminology to meet with the increasing demand for the book. All banking products and services are solely offered and provided by axos bank tm axos bank is a federally chartered savings bank, and all deposit accounts opened with axos bank, including those of the same ownership and or vesting held at axos bank, are combined and. A written guarantee from the manufacturer or distributor of a product that specifies the conditions under which the product can be returned, replaced, or repaired. It is a state of the economy in which economic activity is slowing down, but wages and prices continue to rise. Glossary of aviation finance terms william gibson, airbusiness academy 3 rev.
A loan is the extension of money from one party to another with the agreement that the money will be repaid. Documents that confirm that a person owns a particular property. Glossary financial and banking terms adjusted results. Accounting periods as set out on the unsw financial calendar. Nonfinancial nonproduced assets consist of natural resources e. Unlike a single net lease, which only requires the tenant to pay property taxes, a double net lease passes more expenses along in the form of insurance payments. Glossary of important business, economic, and financial history terms by robert e.
Glossary of personal financial terms my money coach. An actuary is an expert on pension scheme assets and liabilities, life expectancy and. Nearly all loans except for some informal ones are made at interest, meaning borrowers pay a certain percentage of the principal amount to the lender as compensation for borrowing. It means that you file your taxes as a single entity rather than as two. A list of commonly used personal finance terms and their definitions. This az pocket guide to understanding financial terms is just one of the achievements of ebss partnership with nala. Glossary ofinancial terms aaa rating mortgagebacked.
Glossary of real estate finance terms texas lone star. Please drop us an email if you need further explanation or you find a term we have not defined. The following glossary is designed to help nonfinance experts understand some of the terminology used in public agency financial management. A glossary of terms used in payments and settlement systems bis. The cfpbs glossary of english spanish financial terms. Accrual the method of recording income in the period in which it is earned accounting and expenses in the period in which they are incurred rather than when they are paid or received. Nationwides relationship with axos bank gives nationwide members access to axos banks banking products and services. Source clearing system a set of procedures whereby financial institutions present and exchange data andor documents relating to funds or securities. A form of corporation, allowed by the irs for most companies with 35 or fewer shareholders, which enables the company to enjoy the benefits of incorporation but be taxed as if it were a partnership. Refers to a type of security that is exempt from registration with the securities and exchange commission. Glossary of selected governmental accounting and financial terminology page 1 a accounting system.
Beta factor measure of a securitys volatility relative to an average security bid formal offer prepared in accordance with the specifications of the project, to perform all or a phase of work on the project for a specified sum of money. Glossary of defined terms ipsas 1 to ipsas 12 ifac. Saving money or purchasing securities such as stocks, bonds, etfs or mutual funds. A plan for spending and saving money based on a persons goals during a given time period. The terms below are commonly used in the real estate finance industry. Personal finance glossary skim our personal finance glossary to discover all you need to know about bankruptcy counseling, budget counselin g, debt management, foreclosure prevention, homebuyer education course, payday loan counseling, and reverse mortgage counseling. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext.
Personal finance chapter 6 definitions flashcards quizlet. Financy glossary the online dictionary of financial terms. Budgets, financial statements, and financial decisions. Coface compagnie francaise dassurance pour le commerce exterieur is the export credit agency. Dec19 bond a debt obligation backed by collateral or simply by the proven creditworthiness of the borrower. We have 250 other definitions for pdf in our acronym attic. More people than ever are getting funeral plan coverage heres why. The glossary of terms is not mandated, nor is it guidance or a requirement for any stakeholder. Financial terms to know personal finance glossary rise. Shmoop s finance glossary defines hundreds of personal finance and business terms in relatable, easytounderstand language. Personal finance for dummies, by fi nancial counselor and columnist eric tyson, provides detailed, actionoriented advice on everyday fi nancial questions.
This excellent guide will help ordinary people understand financial, tax and legal documents. It will also help and encourage those who write such documents to. An exchange traded fund or etf, is a marketable security that tracks an index such as the ftse 100. Calico calico finance number one designated activity company formerly calico finance number one limited capital bonds fixed term customer accounts with returns based on the movement in an index e.
A nongaap financial measure used to assess each of the banks businesses and to measure the banks overall performance. The term is blend of the words stagnation and inflation. Goventure personal finance is a realistic software simulation designed to help youth and adults learn about personal money management decisions in a fun and educational manner. Use s personal finance glossary to find easytounderstand definitions for key terms used in personal finance and money management so you can make informed financial decisions. Glossaries for translators working in spanish, french, japanese, italian, etc.
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