Semester 2 Vocabulary

3. The initial sum of money invested or loaned, excluding interest or earnings.
4. Relating to or occurring once a year.
5. A federal program providing income and benefits to retirees, disabled individuals, and survivors.
6. Calculated or occurring every day.
10. Occurring twice a year.
15. Investments made with income that has already been taxed.
16. Interest calculated only on the initial principal amount.
18. Units of measure used to determine eligibility for Social Security benefits.
20. The act of leaving one's job or ceasing to work, typically due to age.
22. Investments or income that are not subject to taxation.
23. Working part-time or having reduced work responsibilities after retirement.
24. Refers to investments or accounts where taxes on earnings are deferred until a later date, often retirement.

1. Interest calculated on both the initial principal and the accumulated interest from previous periods.
2. A savings certificate with a fixed maturity date and a fixed interest rate.
7. A tax-advantaged investment account designed for retirement savings.
8. The age at which a person can receive full Social Security retirement benefits.
9. A federal health insurance program primarily for people aged 65 and older.
11. Occurring four times a year, typically every three months.
12. The amount of money in an account.
13. Contributions made to retirement accounts using income that has not been taxed.
14. The percentage of principal charged or paid over a specified time period.
17. The date when a financial instrument, like a CD or bond, becomes due and payable.
19. The effective annual rate of return, accounting for compounding interest.
21. The law that mandates the collection of Social Security and Medicare payroll taxes.