executives in companies that shareholders own

corporation a business owned by shareholders who have limited liability for the company’s debt yet a share of

the company’s profits; may be private or public and may or may not have publicly-traded stock

coupon rate the interest rate paid on a bond; can be annual or semi-annual

debit card a card that lets the person make purchases, and the financial institution immediately deducts cost

from that person’s checking account

diversification investing in a wide range of companies to reduce the level of risk

dividend a direct payment from a firm to its shareholders

equity the monetary value a homeowner would have after selling the house and repaying any outstanding

bank loans used to buy the house

expected rate of return how much a project or an investment is expected to return to the investor, either in

future interest payments, capital gains, or increased profitability
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