Alex's Glossary - Financial planning
This glossary is about financial planning, my future job. This glossary will help you to learn some of the words that they use each day in their working. Source : https://dictionary.cambridge.org/ https://njaes.rutgers.edu/money/glossary.php
- asset
- noun
- Anything of value (e.g., securities, property) that you own that increases your net worth.
- Example: The company reported total assets worth $1.9 million.
- en: actif
- bank
- noun
- A for-profit financial institution where consumers can access a variety of services such as checking and savings accounts, credit cards, safe deposit boxes, and loans.
- Example: I need to go to the bank at lunchtime.
- en: banque
- budget
- noun
- Also known as a spending plan, it is a plan for spending and saving money that balances household income and expenses.
- Example: The firm has drawn up a budget for the coming financial year.
- en: budget
- cash value
- noun
- The savings component of a whole life, variable life, or universal life insurance policy.
- Example: To receive the cash value, the policyholder surrenders their rights to future benefits under the policy.
- en: valeur en espèces
- credit
- noun
- The receipt of money, good, or services in exchange for a promise to repay the amount borrowed at a future date.
- Example: They decided to buy the car on credit.
- en: crédit
- debt
- noun
- Credit used to purchase items that depreciate in value or are no longer around when the bill arrives (e.g., food, restaurant meals, gasoline), especially if a balance is revolved and interest is paid.
- Example: He managed to pay off his debts in two years.
- en: dette
- deposit
- verb
- The addition of money to a financial account.
- Example: There's a night safe outside the bank, so you can deposit money whenever you wish.
- en: dépôt
- direct transfer
- verb
- Movement of retirement funds from one qualified retirement plan directly to another qualified plan without the owner taking possession of the funds.
- Example: I did a direct transfer between my accounts.
- en: transfert direct
- dividend
- noun
- A distribution of income from investments to shareholders.
- Example: In addition to their salary, employees receive a profit-related dividend.
- en: dividende
- expense
- noun
- Item for which household income is spent, including basic needs, such as housing and utilities, and discretionary purchases, such as entertainment and clothing.
- Example: Buying a bigger car has proved to be well worth the expense.
- en: dépense
- growth fund
- noun
- A mutual fund that invests in stock with an objective of capital appreciation.
- Example: The average large-company growth fund is down more than 15% on last year.
- en: fonds de croissance
- income
- noun
- A source of money with which to save and pay household expenses. Common sources of income include salary from a job, self-employment earnings, alimony and child support payments, gifts, tax refunds, and public assistance.
- Example: More help is needed for people on low incomes.
- en: revenu
- inflation
- noun
- The erosion of purchasing power over time through an increase in the cost of goods and services. For example, $100 at the beginning of the year buys less than $100 at the end of the year. If the annual inflation rate is 2 percent, the $100 you spend on groceries in January buys only $98 of food in December. People on a fixed income feel the effects of inflation the most.
- Example: 13 percent inflation
- en: inflation
- money
- noun
- Coins or notes (= special pieces of paper) that are used to buy things, or an amount of these that a person has.
- Example: We invested the money in a high-interest bank account.
- en: argent
- net worth
- noun
- A "snapshot" of your financial situation calculated by subtracting debts (liabilities) from assets. All figures in a net worth statement reflect their current fair market value.
- Example: He has a net worth of about £70 million.
- en: valeur nette
- pension
- noun
- An employment-based retirement savings plan that pays benefits to workers at retirement. There are two general types of pensions: defined benefit and defined contribution.
- Example: They receive a generous pension, typically 75% of last pay drawn.
- en: pension
- return
- verb
- They receive a generous pension, typically 75% of last pay drawn.
- Example: My investments return a high rate of interest.
- en: retour
- risk
- noun
- Exposure to investment loss. For example, a high-risk investment carries with it a high chance of loss.
- Example: Before you invest in the Fund you should carefully evaluate the risks.
- en: risque
- share
- noun
- A unit of ownership in a company (common stock) or mutual fund. The value of a share will vary according to market conditions and other factors.
- Example: The value of my shares has risen/fallen by eight percent.
- en: action
- wage
- noun
- Payment by an employer to a worker for services performed on an hourly, daily, or weekly basis or according to a specified piecework rate. Like a salary, wages are subject to state and federal income tax and Social Security tax withholding.
- Example: Is she paid a regular wage or is it by commission only?
- en: salaire