1-3 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Salary reduction plan: A type of retirement plan that allows you defer a portion of your pre-tax salary into your retirement account.
Second mortgage loan: A secondary loan secured by your home. It is also called a home equity loan.
Sector fund: A mutual fund with an investment focus on companies within a specific industry, such as technology or health care.
Secured credit card: A type of credit card that is linked to your savings account. You are only able to borrow up to the amount within your account. If you don't repay the account the lender can take the money from your savings account. This type of card is used to help establish or re-build credit.
Secured loan: A type of loan guaranteed with by collateral, such as a home or some other personal property. Settlement: The concluding step in a real estate transaction where various legal documents are signed, including loan agreements. This is also known as a closing.
Settlement statement: A document received in a closing that lists the final costs associated with a real estate transaction. This is also known as a closing statement.
Shareholder: A person who owns stock in a corporation. This makes that person part-owner of the company.
Simple interest: Interest credited on principal only, not previously credit interest.
Small Business Administration (SBA): The federal government agency that offers training, resources, and in some cases, guarantees loans made by financial institutions to small businesses.
Small-cap fund: A type of mutual fund that invests in companies whose market value is less than $1 billion. It is also known as an Aggressive Growth Stock Mutual Fund.
Sticker price: The asking price of a new car as determined by its manufacturer. It is also called Manufacturer's Suggested Retail Price (MSRP).
Stock: A share of ownership in a corporation.
Stock dividends: Periodic distributions an issuing publicly traded company pays to shareholders when distributing a portion of its earnings.
Straight life: A type of permanent life insurance with a guaranteed death benefit. It is also called whole life.
Surety bond: An agreement providing monetary compensation in case your business fails to perform certain acts in a stated period. For instance, if your business can't fulfill the terms of a certain contract, a surety company would compensate the customer who was to receive the benefits of your actions if you had purchased such a bond.
Surrender: To cancel your life insurance policy.
Survivorship life: A type of permanent life insurance that insures the lives of two people and pays the death benefit after the death of the second person.