State-sponsored program designed to help parents and others finance a child's college expenses. Subject to contribution limitations and investment guidelines. Anyone can contribute, regardless of [..]

Percentage relationship of the total finance charge to the amount of the loan. Reflects the cost of the mortgage loan as a yearly rate. May be higher than the interest rate stated on the note because [..]

Reflects the total interest to be earned based on the interest rate and an institution's compounding method, assuming funds remain in the account for a 365-day year.

Contract under which a series of payments are promised in exchange for a single payment or series of payments.

Allows for the accumulation of money over time on a tax-deferred basis, with a choice of payout options.

Allows for the conversion of a sum of money into a guaranteed series of payments for a period equal to the greater of a person's life or a specified number of years.

Items of economic value, such as cash, securities, accounts receivable, inventory, office equipment, a house, a car or other property. On a balance sheet, assets are equal to the sum of liabilities an [..]

Type of investment, such as stocks, bonds, real estate or cash.

A method of portfolio allocation designed to provide both income and capital appreciation while avoiding excessive risk.

Individual, institution, trustee or estate which receives, or may become eligible to receive, benefits under a will, insurance policy, retirement plan, annuity, trust or other contract upon the death [..]