FBLA Securities and Investments

A class of retail investment arrangements available to residents of the UK which qualifies for a favorable tax status

Individual Savings Accounts

A regular payment made during a person's retirement from an investment fund to which that person or their employed has contributed during their working life

Pension

A compulsory contribution to state revenue, leveled b y the government on workers' income and business profits or added to the cost of some goods, services, and transactions

Tax

A debt investment in which an investor loans money to an entity, which borrows the funds fora defined period of time at a variable or fixed interest rate

Investment Bonds

To borrow

Loan

A legal agreement by which a bank or other creditor lends money at interest in exchange for taking the title of the debtor's property, with the condition that the conveyance of the title becomes void upon the payment of the debt

Mortgage

A contract between an insurance policy holder and an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium upon the death of an insured person

Life Insurance

A form of collective investment that allows investors with similar investment objectives to pool their funds to be invested in a portfolio of securities or assets

Unit Trusts

Professionally managed collective investment funds

Open Ended Investment Companies

A limited company whose business is the investment of shareholders' funds, the shares being traded like those of any other public company

Investment Trust

A limited partnership of investors that sues high risk methods, such as investing with borrowed money, in the hopes of realizing large capital gains

Hedge Fund

The Difference Between Primary and Secondary Markets

In a primary market, investors trade with a company, while in a secondary market, investors trade among themselves

A market in which share prices are rising, encouraging buying

Bull Market

A market in which prices are falling, encouraging selling

Bear Market

A market in which investors become greedy, forgetting their original strategy to focus on unrealistic future gains

Pig Market

List 3 Types of Financial Statements

Balance Sheet, Income Statement, and Cash Flow Statement

A statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period

Balance Sheet

A financial statement that reports a company's financial performance over a specific accounting period

Income Statement

A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents

Cash Flow Statement

How much it can rise or drop in % in its time period

Duration of Bonds

An agreement between two parties to exchange sequences of cash flows for a set period of time

SWAPS

A normal unit of trading a security, which is usually 100 shares of stock but can range from 1-100 shares

Round Lot

Any number less than the set round stock number to be sold

Odd Lot

Allocating capital in a way that reduces the exposure to any one particular asset or risk

Diversification

An employer-sponsored retirement plan in America where employees can take compensation (salaries) in cash or deferring a percentage of it to an account on an after-tax basis

401(k)

Tax Day

Weekday Closest to April 16th (Typically April 15)

The standard "long form". You can get deductions for this.

1040 (Individual Income Tax Return)

The shorter, easier standard form; No deductions

1040A (Individual Income Tax Return)

Shortest form, no dependents, single

1040EZ (Income Tax Return for Single and Joint Filers With No Dependents)

1040 for non residents; Have to no matter what if income from USA

1040NR (U.S. Nonresident Alien Income Tax Return)

1040NR short version

1040NR-EZ

Personal Retirement Plans

IRA

Business Sponsored Retirement Plan for Tax Shelters (Churches, etc.)

403(b)

Business Sponsored Retirement Plan for State/Local Governments

457(b)

Business Sponsored Retirement Plan for Government (Civil Service and Military) Workers

TSP

When Tax Day is on a Friday

That Monday (April 18)

When Tax Day is on a Saturday/Sunday

That Tuesday (17/18)

List All Tax Exempt Business Types

Churches, Scientific Organizations, Charities, Literary Organizations, or Educational Organizations