The Euro is the monetary unit of the Eurozone, including Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, and Spain. Basically, it is the currency used by the majority of the European countries and if you were travel to Europe, you would exchange your U.S. Dollars for Euros in order to make purchases.
Archive for the ‘Daily Definition’ Category
The Euro is…
Monday, August 17th, 2009A Will is…
Monday, August 17th, 2009A will is a legal document that expresses how a person wants his or her property and assets to be distributed after he or she passes away.
An Interest Rate is…
Monday, August 17th, 2009An interest rate is what a lender charges a borrower to use their money. It varies based on the length of the loan, the type of asset you are buying, and your credit worthiness. For example, the average interest rate for a 30 year mortgage is 5.4% and the average interest rate for a 4-year car loan is 7.5%.
Taxes are…
Monday, August 17th, 2009Taxes are payments owed to the government for certain items, earnings, or activities. Because the government uses taxes to finance projects that benefit the general public, if you are in the country, you have to chip in.
A Savings Account is…
Tuesday, August 11th, 2009A savings account is a type of bank account used for short-term savings that typically pays a low interest rate.
Inheritance is…
Tuesday, August 11th, 2009Inheritance is the transfer of property, money, or other assets by law upon the death of an individual. For example, if a relative includes you in their will and then passes away, you may inherit money, a home, or maybe a car or some art that belonged to them.
A Blue Chip Stock is…
Tuesday, August 11th, 2009A blue chip stock is a unit of ownership in a company that is recognized as reliable, resilient, and high-quality. A blue chip company is considered the best of the best, so its stock is highly desirable.
A Poverty Cause is…
Monday, August 10th, 2009A Poverty Cause is any organization that works with the TILE community to improve the lives of the billions around the world – and here in the United States – who suffer under the crushing weight of poverty. Poverty is a complicated issue, therefore, Poverty Causes address a variety of poverty-related dimensions from access to clean water, education, and providing loans to help the poor start small businesses.
A Shareholder is…
Monday, August 10th, 2009A shareholder is a person, company, or organization that owns stock in a company.
Supply is…
Monday, August 10th, 2009Supply is the amount of a good or service made available to consumers.