Admin

See: Cost basis.

Definition: A report a bank sends to each customer showing the activity (ie: additions and subtractions) on his or her account which took place over a period of time, usually one month. It also shows the amount of money in the account at the beginning of the statement period, how the activity added to and

See: Debit card.

Definition: The examination of a company’s financial reports by an independent firm to verify that they are accurate.

Definition: A computerized station that allows account holders the ability, 24 hours a day, to withdraw cash from their accounts, deposit cash into their accounts, view their account balances, and transfer money between accounts if they have more than one.

Definition: Something of value that a person or business owns. While a seemingly simple concept, assets can come in many different forms and sizes. See our examples below.

Discussed under: Limit sell order.

Definition: The increase in value of an investment or asset (eg: something of value that you own).

Definition: An agreement between a person and an insurance company where the person pays the company money leading up to his or her retirement and at that point begins collecting a certain amount of money per year from the insurance company for as long as he or she lives.

Definition: The annual amount of money lost by the owner of a bond because he or she bought the bond for more than its face value and but will receive only the face value when the bond’s term is up (ie, matures).