Financial Glossary

Here you’ll find clear and concise explanations of key financial terms and concepts. Our goal is to help you better understand essential topics across the financial world.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | Y | Z

A

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Automatic Reinvestment
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Audit
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Asset Class
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Asset Allocation
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Asset
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Appraisal
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Annuity
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Annual Report
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Annual Percentage Rate (APR)
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Alternative Minimum Tax (AMT)
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Aggressive Growth Fund
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After-Tax Return
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Administrator
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Adjusted Gross Income (AGI)
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Adjustable-Rate Mortgage (ARM)
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Account Balance
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B

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Buy-and-Hold
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Buy-Sell Agreement
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Bull Market
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Book Value
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Bond
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Blue Chip Stock
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Beneficiary
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Bear Market
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Balanced Mutual Fund
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C

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Credit Score
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Coverdell Education Savings Account (ESA)
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Corporation
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Corporate Bond
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Convertible Term Insurance
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Consumer Price Index (CPI)
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Compound Interest
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Community Property
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Common Stock
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Commercial Paper
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Co-payment
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Co-insurance
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COBRA
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Claim
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Charitable Remainder Trust
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Charitable Lead Trust
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Certificate of Deposit (CD)
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Cash Surrender Value
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Cash Alternatives
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Capital Gain
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Capital Loss
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D

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Dow Jones Industrial Average (DJIA)
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Dollar-Cost Averaging
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Dividend
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Diversification
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Disability Income Insurance
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Dependent
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Direct Rollover
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Deflation
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Defined Contribution Plan
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Deferred Annuity
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Defined Benefit Plan
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Deed
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Debt-to-Equity Ratio
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Debt
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E

Featured
Employee Stock Purchase Plan (ESPP)
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Executor
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Exchange-Traded Fund (ETF)
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Executive Bonus Plan
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Estate Tax
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Estate Management
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Equity
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Employer-Sponsored Retirement Plan
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Employee Stock Ownership Plan (ESOP)
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Early Withdrawal
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F

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Fundamental Analysis
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Front-End Load
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Foreclosure
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Fixed-Rate Mortgage
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Fixed Annuity
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First-to-Die Life Insurance
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Financial Statement
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Financial Aid
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Federal Reserve System
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Federal Income Tax Bracket
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G

Featured
Group Life Insurance
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Gross Monthly Income
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Gift Tax
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Gift
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H

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Health Savings Account (HSA)
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Home Equity
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I

Featured
Irrevocable Trust
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Investment Objective
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Intestate
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Initial Public Offering (IPO)
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Interest Rate
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Inflation
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Individual Retirement Account (IRA)
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Income
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Index
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Indirect Rollover
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J

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Jointly Held Property
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Joint Tenancy
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K

Featured
Key Person Insurance
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Key Employee
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Keogh Plan
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L

Featured
Lump-Sum Distribution
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Living Will
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Long-Term Care Insurance
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Living Trust
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Liquidity
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Life Insurance
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M

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Mutual Fund
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Municipal Bond Fund
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Municipal Bond
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Medicare
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Money Market Fund
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Medicaid
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Maturity
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Market Timing
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Marital Deduction
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Market Risk
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Management Fee
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N

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Non-Qualified Retirement Plan
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NASDAQ
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Non-Contributory Retirement Plan
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New York Stock Exchange (NYSE)
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Net Worth
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Net Income
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Net Asset Value (NAV)
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O

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Old-Age, Survivors, and Disability Insurance (OASDI)
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P

Featured
Prospectus
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Profit-Sharing Plan
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Property
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Probate
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Principal
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Prime Interest Rate
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Prenuptial Agreement
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Price-to-Earnings (P/E) Ratio
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Preferred Stock
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Power of Attorney
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Policyholder
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Portfolio
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Policy Rider
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Policy Loan
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Permanent Life Insurance
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Partnership
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Q

Featured
Qualified Retirement Plan
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R

Featured
Roth Conversion
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Rollover
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Roth IRA
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Risk Capacity
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Risk Tolerance
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Risk
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Revocable Trust
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Required Minimum Distribution (RMD)
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Revenue
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Redemption
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Real Estate Investment Trust (REIT)
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Rate of Return (RoR)
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S

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Stock Split
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Stock Certificate
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S&P 500 Index
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Stock
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Spousal IRA
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Split-Dollar Life Insurance
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Share
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SIMPLE IRA
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T

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Trustee
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Trust
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Treasuries
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Title
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Total Return
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Time Horizon
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Testamentary Trust
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Term Life Insurance
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Tenancy in Common
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Technical Analysis
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Taxable Income
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Tax-Exempt Bonds
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Tax Deferred
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Tax Credit
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Tax Deduction
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U

Featured
Universal Life Insurance
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Uniform Transfers to Minors Act (UTMA) Account
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Uniform Gift to Minors Act (UGMA) Account
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V

Featured
Volatility
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Variable Universal Life Insurance (VUL)
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Variable Interest Rate
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W

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Withholding
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Will
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Y

Featured
Yield Curve
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Yield
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Z

Featured
Zero-Coupon Bond
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0-9

Featured
403(b) Plan
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401(k) Loan
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401(k) Plan
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1035 Exchange
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August Jepsen August Jepsen

Gross Monthly Income

Gross monthly income is the total amount of money earned by an individual in a month before any deductions such as taxes, health insurance, or retirement contributions are taken out. It includes wages, salary, bonuses, commissions, and income from freelance work, investments, rental properties, and other sources. This figure is critical for loan applications, credit decisions, and understanding overall earning power, as it shows an individual’s earnings before withholdings.

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