Chapter 14

Gems

are natural, precious stone, such as diamonds, rubies, sapphires and emerald

Precious Metals

are tangible metals that have known and universal value around the world

duplex

is a building with two separate living quaters

Prospectus

is a legal document that offers securities or mutual portfolio of investment, its objectives , and financing statements showing past performances

Mortgage

is a loan to purchase real estate

Money market fund

is a mutual fund that invests in safe, liquid securities, such as treasury bill and bonds that mature in less than a year

Global fund

is a mutual fund that purchases international stocks and bonds as well as U.S securties

Balanced fund

is a mutual fund that seeks both growth and income but attempts to minimize risk by investing in a mixture of stocks and bonds rather than stocks alone.

Index fund

is a mutual fund that tries to match the performance of a particular index by investing in the companies

Growth Fund

is a mutual fund whose investment goal is to buy stocks that will increase in value over time

growth and income fund

is a mutual fund whose investment goal is to earn returns from both dividends and capital gains

Income Fund

is a mutual fund whose investment goal is to produce current income in the form of interest or dividends

condominiums

is an individually owned unit in an apartment- style complex with shared ownership of common areas

Depreciation

is the decline in the value of property due to normal wear and tear

Asset value

tells you the market prices for a share of mutual funds

real estate

you are buying land and any building on it