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What is a Beneficiary?

A beneficiary is a person or place designated to receive distributions typically from a trust, will or life insurance policy.   See Also: Ask An Advisor: How Much Life Insurance Do I Need? Got Competing Financial Priorities? Your Fall Investing...

What is a Benchmark?

A benchmark is a standard against which the performance of a particular investment, portfolio or money manager can be measured for comparison. Typically, broad stock and bond indexes are used for this purpose.   See Also:  Ask An Advisor: Am I...

What is Bad Debt?

Bad debt is debt that typically carries a high interest rate and is incurred to purchase items that depreciate in value. Credit card debt and auto loans are the most common forms of "bad debt."   See Also: How I Ditched My Debt For Good Is Your...

What is an Asset Class?

An asset class is a group of investments that share similar characteristics and behavior, and are subject to the same laws and regulations. The three main asset classes are equities (stocks), fixed-income (bonds) and cash equivalents (money market...

What is an Asset?

An asset is an entity with economic value that you own with the expectation that it will provide future benefit.    See Also: Ask An Advisor: Help! I'm Running Out of Money Top 8 Mistakes Investors Make Ask An Advisor: How to Recover Financially...

What is Asset Allocation?

Asset allocation is an investment strategy to balance risk and return by dividing monies between three main asset classes -- equities (stocks), fixed-income (bonds), and cash and equivalents -- that is based on an individual's goals, risk...

What is Annual Percentage Yield (APY)?

Annual percentage yield (APY) is a calculation that tells you how much a deposit earns you over the course of a year, taking compound interest into account.    See Also: 3 Steps to Saving Success A Penny Saved, Part III Set It, Forget It, and Save

What is Annual Percentage Rate (APR)?

Annual percetage rate (APR) is what you pay for borrowing, expressed as a single percentage that represents the actual yearly cost over the term of a loan. This includes any fees or additional costs associated with the transaction.   Ask an...

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