LEARN THE SECRET LANGUAGE OF FINANCE
STARTING WITH THESE MUST-KNOW TERMS
5. Bull Market: A “good” market,
The world is changing rapidly — and that includes how people spend, save, and invest money. If you’re not a professional in the financial industry, the pace of these changes can seem daunting. One day, cryptocurrency is all the rage and the “smartest” investment around. The next, crypto entrepreneur Sam Bankman-Fried is buried in lawsuits, and banks are collapsing! It’s a crazy world out there, but you can start demystifying it by learning core business and financial terms. Brushing up on these buzzwords will help you develop your financial skills, make it easier to understand the news, and give you more confidence when making money decisions and talking to financial advisors. Here are several finance jargon terms everyone should know. 1. Adjusted Gross Income: Your annual income minus your tax deductions 2. Annual Percentage Rate (APR): The amount banks charge you for your loan (or you earn from an investment) each year 3. Bear Market: A “bad” market, when the prices of stocks and other securities fall 20% or more 4. Blockchain: A shared, decentralized ledger of transactions that makes it possible to track assets like cryptocurrency
when the prices of stocks and other securities rise 20% or more 6. Cryptocurrency: Digital currency that is not backed by a government or bank 7. Dividend: A portion of company profits regularly paid out to shareholders 8. ESG Investing: Environmental, Social, and Governance Investing, a framework investors use to evaluate how eco-friendly, socially responsible, and well-run potential investments are 9. Fannie and Freddie: Fannie Mae and Freddie Mac, the U.S. government-created home mortgage investment companies 10. Fixed Income: Investments that pay a guaranteed return, like government and corporate bonds 11. Liquidity: How easy it is to convert an asset like a home, car, or bank account into cash 12. Venture Capital: Money or expertise loaned to a start-up company or entrepreneur to fund their business Still have questions or want to learn about a term not on this list? Check out Investopedia’s Financial Term Dictionary by visiting Investopedia.com and clicking “Dictionary” at the bottom of the page.
state. Driving a golf cart on residential streets in Florida with a speed limit below 30 mph is legal. Still, in most municipalities, it is illegal to operate one after dark. However, some golf carts that go faster than 20 mph meet the requirements for registration as low speed vehicles (LSVs). LSVs are any vehicle with a top speed between 20 and 25 mph, and they are the category “street legal” golf carts fall into. To be street legal, an LSV must have windshields, seatbelts, headlights, and turn signals. They must also be registered with a license plate and driven only by those with a legal driver’s license. LSVs can drive on public roads with speed limits of up to 35 mph unless posted signs prohibit the vehicles. Those who operate LSVs must also follow all traffic rules, yielding when appropriate, stopping at stop signs, and using turn signals. Further, it is illegal to operate an LSV under the influence of drugs or alcohol. Even when driven legally, golf carts pose risks to their occupants. Collisions are hazardous because riders have minimal protection compared to a car, especially in golf carts without seat belts. If someone else’s negligence ever injures you in such an accident, secure an experienced personal injury attorney like those at Denmon Pearlman to receive the compensation you deserve.
Golf carts are an increasingly popular mode of transportation in Florida, with many now registered as “street legal” vehicles. But confusion remains about where the law allows golf carts and what makes them fit to be on public roads. As a result, many are risking not only traffic violations but the safety of their fellow drivers. This problem has even ensnared public figures like former Tampa police chief Mary O’Connor. In December 2022, a police GOLF CART LAWS ARE CONFUSING Know the Rules Before You Get Behind the Wheel
officer pulled her and her husband over for driving a golf cart without a license plate. She ultimately resigned due to an attempt to use her position as police chief to avoid a ticket, not her illegal use of the golf cart. But the situation demonstrates that no one is immune to misinformation about golf cart use and its consequences. The legal definition of a golf cart requires its top speed not to exceed 20 mph. The owner does not need to register the golf cart with the
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