富人的语言、词汇.doc

Glossary A Accountant: Has a formal accounting education, where a bookkeeper may not. An accountant will handle your day-to-day financial needs including the preparation of your financial statements. Accountants can also prepare tax returns. Asset: Something that puts money in your pocket whether you work or not. Assets include real estate, businesses, and paper assets such as stocks, bonds and mutual funds. Agency bonds: The most popular and well-known are the bonds of mortgage associations, nicknamed Ginnie Mae, Fannie Mae and Freddie Mac. But many federal and state agencies also issue bonds to raise money for their operations and projects. Adjustable rate mortgage: A mortgage loan whose interest rate changes periodically over the period of the loan. Amortization: Gradual repayment of a debt by periodic installments that cover both principal and interest. Annual percentage rate (APR): The effective rate of interest for a loan. The APR reflects all the costs of financing - including points, origination fees, and other finance charges - and is usually higher than the interest rate alone. Amex (American Stock Exchange): The rival New York Curb Exchange was founded in 1842. Its name said it all: trading actually took place on the street until it moved indoors in 1921. In 1953, the Curb Exchange became the American Stock Exchange. Appraisal: A estimate or opinion of the value of a property by an impartial person skilled in the analysis and valuation of real estate. Assumable loan: An existing loan on a property that the seller is able to pass on to the borrower. Back to Top B Bonds: May be tax-free Municipal Bonds, U.S. Government issued Treasuries or Corporate Bonds which reflect debt by the issuing authority in exchange for interest payment to the purchaser. Bookkeeper: Keeps track of your bookkeeping records. In most cases youll want a full charge bookkeeper - one who can pay bills, properly code them, track accounts receivable and payable, do payroll and