We’ve talked about credit cards before, but recently I heard about a virtual credit card. What is that? A virtual credit card is a temporary or disposable card number associated with your existing credit card account, and does not come with a physical card. Virtual credit cards are also known as virtual account numbers, …
I’ve heard in some bank commercials that the account is FDIC insured. What does it mean? FDIC stands for Federal Deposit Insurance Corporation. It is a federal agency that insures deposits in participating US banks, which protects the depositors if the bank goes bankrupt. It was formed as a result of the great depression, …
What is Direct Deposit? How is it different from a regular deposit or a check? Direct deposit is the deposit of money, directly from the bank account of the payer into the bank account of the recipient. It is done electronically, instead of through a physical check. Some instances where direct deposit is commonly …
What is a municipal bond? Municipal bonds are debt securities issued by cities, states, counties, or other local governments. They are also commonly known as Munis, and could be issued for 1 to 10 years. Why is a municipal bond issued? These bonds are issued to raise funds for public projects like highways, schools, …
I’ve heard people talk about bull markets and bear markets. But what does it even mean? A bull market is when the stock prices keep going up for a long time, and a bear market is when the stock prices keep going down for a long time. Even though the terms bull and bear …
Heard about topline and bottomline on TV. But what do Topline and Bottomline mean? Topline is the Revenue or the gross sales of the company. Bottomline is the net profit of the company, which is calculated by adding other income to, and subtracting various expenses from the top line. The other income can be …
I keep hearing about PE on TV. But what is PE? PE is a comparison between a company’s stock price and its earning per share. It is also known as PE Ratio, price multiple or earnings multiple. How is PE calculated? It’s calculated by dividing the current stock price of a company by the …
Introduction to a Stock Index for Kids and Teens This video explains the concept of stock indices in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about stock indexes, or used as a money & personal finance resource by parents and teachers as part of …
Parents, I know that teaching your child just about anything can get tricky, especially if it’s part of a complex subject. Such subjects may also be considered “Boring” by your child (Although, to be fair, as a child, even you probably thought these subjects were boring. But, hopefully, now you don’t, and it’s about time …
Introduction to Interest Rate for Kids and Teens This video explains the concept of interest in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about rate of interest, or used as a money & personal finance resource by parents and teachers as part of a …
