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Financial Glossary

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  • U - Z

U-Z

U | V | W | X-Y | Z

U

ultra-short bond funds.

Mutual funds that generally invest in fixed income securities with extremely short maturities or time periods in which they become due for payment.

unearned income.

Income other than earned income. This is investment-type income and includes interest, dividends and capital gains. Distributions of interest, dividends, capital gains and other unearned income from a trust are also unearned income to a beneficiary of the trust.

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V

value fund.

A mutual fund that invests in companies whose assets are considered undervalued, or in companies that have turnaround opportunities, such as those with lower P/E ratios.

volatility.

The magnitude and frequency of change in securities' values. The more volatile an investment, the higher its risk and return potential.

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W

will.

A legally binding document directing the disposition of one’s property. A will is not operative until death and can be revoked up to the time of death, or until there is a loss of mental capacity to make decisions regarding a will.

Wilshire 5000 Index.

A stock performance measurement created by Wilshire Associates, Inc. It measures the performance of all U.S.-headquartered equity securities with readily available price data.

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X - Y


Z

zero-coupon bonds.

Bonds that do not pay interest until maturity. They are sold at a discount from their face value, and their value increases as they near maturity. An investor’s return comes from the appreciation. There are three types of zero-coupon bonds: corporate, municipal and Treasury. Also known as zeros.

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