Archives: Glossary Terms

identity theft

the illegal use of someone else’s personal information (such as a Social Security number) especially in order to obtain money or credit

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wire transfer

an electronic transfer of funds from one bank to another

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return

to bring in profit

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investment

An investment is an asset intended to produce income or capital gains. Investments can be stocksbonds, mutual funds, interest-bearing accounts, land, derivatives, real estate, artwork, old comic books, jewelry — anything an investor believes will produce income.

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merchant

the operator of a retail business; a retail business

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financial planner

A financial planner or personal financial planner is a professional who prepares financial plans for people.

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financial adviser

A financial adviser is a professional who suggests and renders financial services to clients based on their financial situation. In many countries Financial Advisers have to complete specific training and hold a license to provide advice.

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policyholder

a person who owns an insurance policy

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beneficiary

the person named (as in an insurance policy) to receive proceeds or benefits

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