Learn Piggy Banks Golden Rule Dictionary:

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.

Bank

A financial institution licensed to receive deposits, make loans and provide other financial services such as investing, currency exchange, and safe deposit boxes.

Bank Account

An account used by consumers and businesses to pay bills, make cash withdrawals, and save.

Bear

Also known as Bear market where stock prices are falling.

Bond

A debt instrument that takes the form of a loan made by an investor to a borrower.

Bull

Also known as Bull market where stock prices are rising.

Charity

An organization set up to provide help and raise money for those in need.

Chore

A routine task done around a home.

Clerk

A person employed by a bank to handle customers’ transactions and undertake administrative duties.

Compound Interest

The interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.

Dime

A ten-cent coin.

Dollar

The basic monetary unit of the US, Canada, Australia, and other countries.

Earn

Money obtained in return for labor or services.

Fund

A pool of money set aside for a specific purpose and often invested and professionally managed in order to generate returns for its investors.

Give

A free transfer of the possession of something to someone.

Green

The color stock prices turn when they are rising.

Interest

Is the monetary charge for the privilege of borrowing money.

Investment

An asset or item acquired with the goal of generating income or appreciation over time.

Market

A place where parties can gather to facilitate the exchange of goods and services.

Money

A system of value that facilitates the exchange of goods in an economy.

Nickel

A five-cent coin.

Penny

A one-cent coin.

Piggy Bank

A container for saving money in, especially one shaped like a pig, with a slit in the top through which coins and cash are dropped.

Portfolio

A group of investments that meet the long-term financial objectives and risk tolerance of a client, a company or an institution.

Profit

The financial benefit realized when revenue generated from a business activity exceeds the costs involved in sustaining the activity in question.

Red

The color stock prices turn when they are falling.

Save

To keep and store up something (money) for future use.

Savings Account

An interest-bearing deposit held at a bank or credit union.

Spend

An amount of money paid for a particular purpose or over a particular period of time.

Stocks

Also known as an equity is a security that represents a fractional ownership of a company.

Wall Street

Is a street located in New York City and where a lot of investment firms are located who trade stocks.

Bear

Also known as Bear market where stock prices are falling.

Big Board

Located on Wall Street in New York City, also known as the New York Stock Exchange and is the worlds largest stock exchange.

Bond

A debt instrument that takes the form of a loan made by an investor to a borrower.

Bull

Also known as Bull market where stock prices are rising.

Closing Bell

Marks the end of the trading day, typically at 4:00 p.m.

Company

A legal entity representing an association of people with a specific objective.

Dow

Also known as the Dow Jones Industrial Average and the Dow 30, is a stock market index (basket) that tracks 30 large, U.S. publicly traded companies.

Green

The color stock prices turn when they are rising.

NASDAQ

Stands for National Association of Securities Dealers Automated Quotations. It is an electronic marketplace for buying and selling securities. Also referred as the Nasdaq Composite, which is an index (basket) of more than 3,000 stocks listed on the Nasdaq exchange.

Opening Bell

Marks the beginning of the trading day, typically at 9:30 a.m.

Red

The color stock prices turn when they are falling.

Stocks

Also known as an equity is a security that represents a fractional ownership of a company.

Stock Exchange

The market in which securities are traded (brought and sold).

S&P

Also known as the S&P 500 Index, which is an index(basket) of 500 leading publicly traded companies (stocks) in the U.S and utilized to gauge the performance of the stock market.

Wall Street

Is a street located in New York City and where a lot of investment firms are located who trade stocks.