Glossary
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ATM - An automated teller machine (ATM) is a type of computerised banking device that enables customers to make simple payments without the intervention of a bank operator.
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Assets - A resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit.
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Bank - A financial institution that invests money deposited by customers, pays it out when needed, makes interest-bearing loans, and exchanges currency
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Bond - A debt security
Budgeting - A spending plan based on earnings and expenditures.
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Commodity - A tangible good that can be bought, sold and/or traded
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Compounding - The process of generating earnings on an asset's reinvested earnings
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Deposit - A down-payment
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Exponential - Growing at an increasing rate
Fee - A payment made in return for a service
Finance - The process of accumulating funds or capital for any purpose.
Financial Literacy - The capacity to comprehend and use diverse financial abilities, such as budgeting, investing and managing personal finance. Financial literacy is the basis of the relationship with money, and it is a lifelong learning experience.
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Fluctuate - A price or interest rate change
Index - A selection of investments that represents and evaluates the performance of a given market, particular market, asset class or investment strategy
Inflation - A general rise in prices and a decrease in the buying power of money
Interest - The expense of borrowing funds or the benefit of saving money
Investing - The operation of acquiring assets that appreciate in value over time and produce revenue in the form of profits
Market Capitalisation - The valuation of a publicly traded company derived by multiplying the total number of shares by the current share price.
Profit - A financial gain
Shares - Equity ownership units in a corporation
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Stock - A fractional ownership in a company
Yield - The rate of return on investment