Glossary
16th president of the U.S. 1861–65
the systematic recording, presenting, and interpreting of financial accounts
the ideals of freedom, equality, and opportunity traditionally held to be available to every American.
was a Scottish-born American industrialist, businessman, and a major philanthropist
assets
the valuable resources, or properties and property rights, owned by an individual or business enterprise
a quality, character, characteristic, or property
an ordinary person or citizen; an average man.
an itemized statement that lists the total assets, liabilities, and net worth of a business to reflect its financial condition at a given moment in time
the speed of data transfer
blog
online journal where an individual, group, or corporation presents a record of activities, thoughts, or beliefs. Some blogs operate mainly as news filters, collecting various online sources and adding short comments and Internet links. Other blogs concentrate on presenting original material. In addition, many blogs provide a forum to allow visitors to leave comments and interact with the publisher. "To blog" is the act of composing material for a blog. Materials are largely written, but pictures, audio, and videos are important elements of many blogs. The "blogosphere" is the online universe of blogs.
to record the location (URL) of a favorite Web site to allow quick access in the future
a budget attempts to establish a plan for adjusting expenses during a certain period of time according to anticipated income
any misfortune, mishap, or failure
a written acknowledgment of a bank that it has received from the person named a specified sum of money as a deposit, often for a fixed term at a specified interest rate.
a book containing blank checks or orders on a bank
a letter, advertisement, notice, or statement for circulation among the general public.
a United States web traffic analysis service that publishes the approximate number of U.S. visitors to the top 1,000,000 web sites in the United States.
general agreement or concord
Contrary to what intuition or common sense would indicate
a firm that investigates the creditworthiness of and assigns a credit rating to a client's customers or potential customers.
A plastic card having a magnetic strip, issued by a bank or business authorizing the holder to buy goods or services on credit.
A detailed report of an individual's credit history prepared by a credit bureau and used by a lender to in determining a loan applicant's creditworthiness, including: 1. Personal data (current and previous addresses, social security number, employment history) 2. Summary of credit history (number and type of accounts that are past-due or in good standing) 3. Detailed account information 4. Inquires into applicant's credit history (number and type of inquiries into applicant's credit report) 5. Details of any accounts turned over to credit agency (such as information about liens, wages garnishments via federal, state or county records) 7. Information on how to dispute any of the above information. Once negative information appears on your credit report, there is little you can do to clear it up if the information is truthful and accurate. Generally such information remains for about seven years, while bankruptcy filings typically stay on the credit report for about 10 years.
debt
borrowed funds; it is generally secured with a note, which in turn may be secured with a lien against property or other assets
the amount by which expenditures or liabilities exceed income or assets.
a period during which business, employment, and stock-market values decline severely or remain at a very low level of activity.
a plan in which salaries or other payments are transferred by the paying agency directly to the accounts of the recipients.
a person who conducts a radio broadcast consisting of recorded music, informal talk, commercial announcements, etc.
distribution of earnings to shareholders
An index of the relative price movement of the shares of thirty major industrial companies, most of which are traded on the New York Stock Exchange. Changes in the average (noted as “rises” and “falls”) give investors a general picture of the state of the market. Often referred to as “the Dow.” (Dow Jones Industrial Average)
an American business magnate, socialite, television personality, and author
a book in digital form.
The large set of inter-related economic production and consumption activities which aid in determining how scarce resources are allocated.
The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death.
32nd president of the U.S. 1933–45.
the major financial statements compiled from the general ledger are the income statement, the balance sheet, and the cash flow statement.
to change continually
Any discussion group accessible through a dial-in BBS, a mailing list, or a newsgroup (see the network). A forum functions much like a bulletin board; users submit postings for all to read and discussion ensues. Contrast real-time chat via talk mode or point-to-point personal email.
a mechanical contrivance or device
A cluster or group
Something given away at no charge, especially a premium.
a leader in a particular field
was the American founder of the Ford Motor Company and father of modern assembly lines used in mass production.As owner of the Ford Company he became one of the richest and best-known people in the world.
31st president of the U.S. 1929–33. Herbert Clark Hoover
a statement of income and expenses for a given period of time
bring or take upon oneself
firmly fixed
a natural or innate impulse, inclination, or tendency
a manual usually accompanying a technical device and explaining how to install or operate it
insurance
the act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a payment proportionate to the risk involved.
a sum paid or charged for the use of money or for borrowing money.
a vast computer network linking smaller computer networks worldwide (usually prec. by the). The Internet includes commercial, educational, governmental, and other networks, all of which use the same set of communications protocols.
a formal list of the property of a person or estate.
In general, any method by which to invest. This term is used very broadly. It refers to anyplace you can put your money. For example: stocks, bonds, mutual funds, options, futures, etc.
incapable of being conquered, defeated, or subdued.
Chairman and CEO of General Electric between 1981 and 2001. Welch gained a solid reputation for uncanny business acumen and unique leadership strategies at GE. He remains a highly-regarded figure in business circles due to his innovative management strategies and leadership style.
author of the book, "Pay Yourself First"
is a figure described in the Hebrew Bible (Old Testament) and the Qur'an.The Bible accredits Solomon as the builder of the First Temple in Jerusalem, and portrays him as great in wisdom, wealth, and power. Solomon is the subject of many other later references and legends.
insurance providing for payment of a sum of money to a named beneficiary upon the death of the policyholder or to the policyholder if still living after reaching a specified age.
a commitment made by a bank to lend someone up to an agreed upon amount of money during a specified period, customarily one year, subject to review on any loan agreement in effect. A credit card is an example of an open-ended line of credit.
was a four-term United States senator (1971 until 1993) from Texas and the Democratic Party nominee for Vice President in 1988 on the Michael Dukakis ticket. He also served in the House of Representatives from 1949 to 1955. In his later political life, he was Chairman of the Senate Finance Committee and the U.S. Treasury Secretary during the early years of the Clinton administration.
legal mechanism that empowers a designated person to make medical decisions for a patient should the patient be unable to make decisions for himself.
an American businessman and the Mayor of New York City. A lifelong Democrat, he switched his registration in 2001 and ran as a Republican, winning the election that year and a second term in 2005. He is currently listed on the Forbes 400 as the eighth-richest American, with a net worth of US$20 billion.
an attitude, disposition, or mood.
one of a German breed of sturdily built terriers resembling a smaller version of the standard schnauzer, having a wiry, pepper-and-salt, black, or black-and-silver coat, a rectangular head, bushy whiskers, and a docked tail, and originally developed as a farm dog but now raised primarily as a pet.
the lowest wage payable to employees in general or to designated employees as fixed by law or by union agreement.
A savings account that offers the competitive rate of interest (real rate) in exchange for larger-than-normal deposits. Also known by the acronym "MMDA", which stands for "money market demand account" or "money market deposit account". Many money market accounts place restrictions on the amount of transactions you can make in a month (such as five or less). Furthermore, you usually have to maintain a certain balance in the account to receive the higher rate of interest. Some banks require at least $500, others require a much higher balance.
the state or condition of being subject to death; mortal character, nature, or existence.
mortgage
A temporary, conditional pledge of property to a creditor as security for performance of an obligation or repayment of a debt.
NASA
U.S. space agency, acronym of National Aeronautics and Space Administration, set up in 1958.
the financial obligations of a national government resulting from deficit spending.
money saved and held in reserve for emergencies, retirement, etc.
to support and encourage, as during the period of training or development; foster
patience
as the bearing of provocation, annoyance, misfortune, or pain, without complaint, loss of temper, irritation, or the like.
an e-commerce business allowing payments and money transfers to be made through the Internet. PayPal serves as an electronic alternative to traditional paper methods such as cheques and money orders.
any small bank in which coins are kept
a form of online advertising on the World Wide Web intended to attract web traffic or capture email addresses. It works when certain web sites open a new web browser window to display advertisements. The pop-up window containing an advertisement is usually generated by JavaScript, but can be generated by other means as well.
a written document given by one person or party to another authorizing the latter to act for the former.
the unpaid balance of a loan or other obligation
a short popular saying, usually of unknown and ancient origin, that expresses effectively some commonplace truth or useful thought; adage; saw
a return of part of the original payment for some service or merchandise; partial refund.
recession
a period of an economic contraction, sometimes limited in scope or duration.
retirement
removal or withdrawal from service, office, or business.
was an American businessman and a Democratic member of the U.S. House of Representatives from Pennsylvania.
RSS
any of various XML file formats suitable for disseminating real-time information via subscription on the Internet .RSS has become a popular technology for bloggers and podcasters to distribute their content. Rich Site Summary or Really Simple Syndication
a small part of anything or one of a number, intended to show the quality, style, or nature of the whole; specimen.
a bank account on which interest is paid, traditionally one for which a bankbook is used to record deposits, withdrawals, and interest payments.
A system of farming that developed in the South after the Civil War, when landowners, many of whom had formerly held slaves, lacked the cash to pay wages to farm laborers, many of whom were former slaves. The system called for dividing the crop into three shares — one for the landowner, one for the worker, and one for whoever provided seeds, fertilizer, and farm equipment.
Inherited wealth.
a program of old-age, unemployment, health, disability, and survivors insurance maintained by the U.S. federal government through compulsory payments by specific employer and employee groups.
a disruptive, esp. commercial message posted on a computer network or sent as e-mail.
best selling author of the book "The Seven Habits of Highly Effective People"
a particular market where stocks and bonds are traded; stock exchange.
an American financial advisor, writer, and television personality
proscribed by society as improper or unacceptable
a sum of money demanded by a government for its support or for specific facilities or services, levied upon incomes, property, sales, etc.
the combination of mental, physical, and emotional traits of a person; natural predisposition.
trust
a fiduciary relationship in which one person (the trustee) holds the title to property (the trust estate or trust property) for the benefit of another (the beneficiary).
a personification of the government or people of the U.S.: represented as a tall, lean man with white chin whiskers, wearing a blue tailcoat, red-and-white-striped trousers, and a top hat with a band of stars.
a segment of self-replicating code planted illegally in a computer program, often to damage or shut down a system or network.
was a multiple Academy Award-winning American film producer, director, screenwriter, voice actor, animator, entrepreneur and philanthropist.
will
A legally enforceable declaration of how a person wishes his or her property to be distributed after death. In a will a person can also recommend a guardian for his or her children. Also known as a "will and testament".Making a will is a very important component of estate planning. In it you declare who gets your belongings and assets when you die. If you do not have a will, the distribution of your property is left up to the government, and may even end up becoming state property. A will therefore helps ensure your wishes are carried out, and can make things simpler and easier for your heirs.
an American author, salesperson, and motivational speaker
