Glossary

Glossary definitions provided in part by the Jump$tart Coalition for Personal Financial Literacy.

Ticker Symbol: Characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors use to place trade orders. Every listed security has a unique ticker symbol

Time Value of Money : The potential of an investment to increase in value through periodically compounded earnings.

Tip : An amount paid for a service beyond what's required, usually to express satisfaction; also known as a gratuity.

Title loan: A high-cost, short-term loan that uses the borrower's automobile as collateral.

Transfer payment: Money that a government provides to citizens for reasons other than current employment or the delivery of goods or services in exchange. Examples include Social Security, veteran's benefits, and welfare.

Trojan Horse: A malicious software program that looks like a regular program, such as a game, program, or antivirus program.

Trust: A legal arrangement through which a trustor manages a trustee's assets for the good of one or more beneficiaries.

Truth in Lending Act: A federal law that requires financial institutions to disclose specific information about the terms and cost of credit, including the finance charge and the annual percentage rate (APR).

Truth in Lending Act (1969): Federal law that mandates disclosure of information about the cost of credit. Both the finance charge (i.e., all charges to borrow money, including interest) and the annual percentage rate or APR (i.e., the percentage cost of credit on a yearly basis) must be displayed prominently on forms and statements used by creditors. The law provides criminal penalties for willful violators, as well as civil remedies. It also protects you against unauthorized use of your credit card. If it is lost or stolen, the maximum amount you have to pay is $50.

Truth in Savings Act: A federal law that requires financial institutions to disclose specific information about the terms and costs of interest-earning accounts-such as annual percentage yield (APY)-and certain other financial services.

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