We throw around financial terms on Money Talks. Maybe you’re familiar with them or maybe you’re not. We’ll talk today about some vocabulary that’s good to know. We also answer questions that relate to your personal finances.

In the news:

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Terms:

• APR
• Blue Book Value
• COBRA
• DRIP
• escrow
• Joint tenancy with right of survivorship verses tenancy in common
• Liability
• Load
• Nonmarital agreement
• Term life insurance verses whole life insurance

An official website of the United States government is consumer finance.gov. It’s part of the Consumer Financial Protection Bureau. Click on their Consumer Education tab to learn more about money topics. https://www.consumerfinance.gov/

According to Merriam Webster.com, the term “check” which refers to something that is used for verifying accuracy, authenticity, correctness began as a detachable stub – like a claim check. “Check” was first applied to the detachable stub in the early 18th century and then to the bank draft—the written order directing a bank to pay money as instructed. https://www.merriam-webster.com/words-at-play/financial-word-origins/capital

From Merriam Webster.com :The term as applied to the stock market derives from the actual use of blue chips in another type of game of stakes—poker. This quote from an 1874 edition of The San Francisco Chronicle nicely connects the two:

If times are good and the market flourishing, the game may be played with ‘blue chips,’ as a gambler would say, the very high-priced stocks being the favorites.

Blue chips in poker have the highest value, with red and white chips as lower denominations.

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