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Legacy Financial Glossary

What is it? A gift left in a will.

Finance Term Definition Added By: Audrey

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Other Similar Finance Terms:

Financial Term open market activities is The purchase or sale of government securities conducted by the Federal Reserve Bank of New York acting upon instruction from the Federal Reserve Board of Governors. Used to decrease the money supply when bonds are sold and the purchase funds paid the Fed are taken out of circulation or increase the money supply when newly created cash is used to buy securities. The changes in the money supply impact short-term interest rates and through that mechanism are the primary monetary tool of the FRB.

Financial Term E C B is European Central Bank

Financial Term Equity is The market value of real property, less the amount of existing liens. Equity build-up is the reduction of principal on a mortgage or deed of trust by periodic payments, which increases (builds-up) the difference (equity) between the property value and amount of the lien.

Financial Term SAR is See Student Aid Report.

Financial Term Gross Domestic ProductGDP is The total market value of all final goods and services produced in a country in a given year, equal to total consumer, investment and government spending, plus the value of exports, minus the value of imports.