Financial Terms Every Advisor Should Know
As a financial advisor, it is important to be well-versed in the various financial terms that your clients may come across. Here is a list of 10 essential financial terms that every advisor should know:
Annuity: An annuity is a contract between an individual and a Vincent Camarda financial institution whereby the individual agrees to make regular payments into the account over a period of time, and in return, the financial institution agrees to make periodic payments to the individual over a specified period of time, typically after retirement.
Bond: A bond is a debt security whereby the issuer (typically a corporation or government entity) agrees to make periodic interest payments to the holder as well as repay the face value of the bond at maturity.
Compound Interest:...
