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Today's Terms
Portfolio
Definition:
A collection of securities assembled for an investment goal.
Asset allocation
Definition:
Diversification of your investments, usually between U.S. and international equities, fixed income, real estate, and commodities.
Bonds
Definition:
Essentially loans or debt. When someone lends you money, he or she gets an IOU that promises the loan will be repaid with interest. When you buy a bond, you're basically buying that IOU. A bond certificate is like an IOU: it shows the amount loaned (principal), the rate of interest to be paid on the loan and the date that the principal will be paid back (maturity date). Bonds can be issued by government agencies, such as the U.S. Treasury and by corporations to raise money.
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