General Mathematics 2Q Terminologies

studied byStudied by 9 people
5.0(1)
get a hint
hint

Interest

1 / 56

Tags and Description

Business

11th

Terminologies covered in the General Mathematics 2QE.

57 Terms

1

Interest

An amount charged to a borrower that is usually present in loans, credit cards, investments, and bank accounts.

New cards
2

Simple and Compound Interest

The two types of interest.

New cards
3

Principal

The amount borrowed or invested in a loan.

New cards
4

Ordinary Interest

Interest that runs on a 360-day calendar.

New cards
5

Exact Interest

Interest that runs on a 365-day calendar.

New cards
6

Annually

Compounding period that compounds every year with n = 1.

New cards
7

Semi-annually

Compounding period that compounds every 6 months with n = 2.

New cards
8

Quarterly

Compounding Period that compounds every 3 months with n = 4.

New cards
9

Monthly

Compounding Period that compounds every month with n = 12.

New cards
10

Future Value/Maturity Value

The total amount at the end of the term with interest.

New cards
11

Present Value

Principal needed to be invested now to provide regular payments for an annuity.

New cards
12

Annuity

A sequence of fixed payments made at equal intervals that is subject to compound interest.

New cards
13

Simple Interest

Interest charged only on the loan or investment amount.

New cards
14

Compound Interest

Interest due at the end of a certain period is added to the principal and the sum earns interest for the next period.

New cards
15

Certain Annuity

Annuity that is payable within a definite duration.

New cards
16

Uncertain Annuity

Annuity that is payable within an indefinite duration.

New cards
17

Simple Annuity

Annuity wherein the compounding period is equal or the same as the payment interval.

New cards
18

General Annuity

Annuity wherein the compounding period differs from the payment interval.

New cards
19

Ordinary Annuity

Annuity wherein the periodic payments are paid at the end of the payment interval.

New cards
20

Annuity Due

Annuity wherein the periodic payments are paid at the beginning of the payment interval.

New cards
21

Amortization

The gradual extinction of a loan over a period of time through a series of regular payments due at the end of each payment period.

New cards
22

Amortization Schedule

A table showing how the borrower repays the loans with interest over time with regular payments.

New cards
23

Deferred Annuity

Annuity that delays the start of payments until an agreed upon date.

New cards
24

Period of Deferment

The length of time between a loan’s release and the first payments in Deferred Annuity.

New cards
25

Bond

A promissory document issued by the debtor stating the amount of debt and a pledge to repay the loaned amount.

New cards
26

Face Value

The price of a bond.

New cards
27

Maturity

The time period until the loan is paid back in a bond.

New cards
28

Coupon

Periodic payment that the bondholder receives between the purchase date of the bond and its maturity date.

New cards
29

Coupon Rate

The interest rate of the bond.

New cards
30

Term of a Bond

A fixed period of time in years at which the bond is redeemable.

New cards
31

Stocks

Equity securities that represent a share or portion in a company. This is an investment instrument used to build wealth.

New cards
32

Dividend

Part of a company’s profit that is distributed to the stockholders.

New cards
33

Dividend per Share

The ratio of the dividend to the number of shares.

New cards
34

Stockholder’s Dividend

The profit of the stockholders.

New cards
35

Market Value.

The price of a stock in the current market.

New cards
36

Stock Yield

The ratio of Dividend per Share and Market Value per share.

New cards
37

Par Value

Per share amount stated on the company certificate that remains stable over time.

New cards
38

Efficient Market Theory

Theory stating that the stock market reacts very fast to any information, and that the market contains the total views of all the investors in the market. It also stipulates that the current price of the stock is the accurate reflection of the knowledge of the stockholders about the stock.

New cards
39

Stock Market Index

The measure of the value of a section of the stock market computed from the price of selected stocks.

New cards
40

Business Loan

Loan lent to companies and corporations to fund their businesses.

New cards
41

Consumer Loans

Loan lent to individuals for personal expenses.

New cards
42

Term Loan

Long-term or short-term business loan that lends the loan amount in a lump sum credited to borrower’s deposit account.

New cards
43

Credit Line

A short-term business loan that provides quick access to money demand. Loan is valid for 1 year and can be renewed.

New cards
44

Secured Business Loan

Business loan with lower interest rates, longer loan terms, and higher loan amounts that requires collateral.

New cards
45

Unsecured Business Loan

Business loan with higher interest rates, shorter loan terms, and lower loan amounts that does not require collateral and is harder to qualify for.

New cards
46

Mortgage

Consumer loan used to finance real estate purchases.

New cards
47

Auto Loan

Consumer loan used to finance automobile or vehicular purchases.

New cards
48

Credit Card

Consumer loan used to finance everyday purchases.

New cards
49

Student Loans

Consumer loan used to finance education.

New cards
50

Proposition

A declarative sentence that can either be true or false with its truth value being denoted with either T or F.

New cards
51

Simple Proposition

Proposition that cannot be broken down into other component propositions.

New cards
52

Compound Proposition

Simple propositions combined with logical connectors.

New cards
53

Negation

Denoted with ~

not p.

New cards
54

Conjunction

Denoted with ^

p and q

New cards
55

Disjunction

Denoted with v

p or q

New cards
56

Conditional

Denoted with →

if p then q

New cards
57

Biconditional

Denoted with <--→

p if and only if q

New cards

Explore top notes

note Note
studied byStudied by 8 people
Updated ... ago
4.0 Stars(1)
note Note
studied byStudied by 5 people
Updated ... ago
5.0 Stars(1)
note Note
studied byStudied by 10 people
Updated ... ago
5.0 Stars(1)
note Note
studied byStudied by 3 people
Updated ... ago
5.0 Stars(1)
note Note
studied byStudied by 7 people
Updated ... ago
5.0 Stars(1)
note Note
studied byStudied by 1 person
Updated ... ago
5.0 Stars(1)
note Note
studied byStudied by 20 people
Updated ... ago
4.5 Stars(2)
note Note
studied byStudied by 7 people
Updated ... ago
5.0 Stars(1)

Explore top flashcards

flashcards Flashcard45 terms
studied byStudied by 7 people
Updated ... ago
5.0 Stars(1)
flashcards Flashcard32 terms
studied byStudied by 15 people
Updated ... ago
5.0 Stars(1)
flashcards Flashcard245 terms
studied byStudied by 16 people
Updated ... ago
5.0 Stars(1)
flashcards Flashcard34 terms
studied byStudied by 10 people
Updated ... ago
5.0 Stars(1)
flashcards Flashcard20 terms
studied byStudied by 2 people
Updated ... ago
5.0 Stars(1)
flashcards Flashcard42 terms
studied byStudied by 4 people
Updated ... ago
5.0 Stars(1)
flashcards Flashcard22 terms
studied byStudied by 188 people
Updated ... ago
5.0 Stars(5)
flashcards Flashcard97 terms
studied byStudied by 465 people
Updated ... ago
5.0 Stars(6)