Philanthropy is the act of donating money, time, services, effort, and/or goods to a cause in order to promote the well-being of others while expecting nothing in return.
Archive for the ‘Level 1’ Category
Philanthropy is…
Wednesday, June 10th, 2009A Recession is…
Wednesday, June 10th, 2009A recession is when the Gross Domestic Product of a nation declines for two or more quarters. It is when the total value of goods and services of a country stop growing for six months or more.
A Dividend is…
Wednesday, June 10th, 2009A dividend is something “extra” that you get for being an investor or shareholder. Dividends are usually paid quarterly and in cash, but can also be paid in stock or other properties.
An Asset is…
Wednesday, June 10th, 2009An asset is any item of economic value owned by either an individual or a corporation. For example, an asset could be money in your wallet, a car, kitchen equipment in a restaurant, or a patent on a really cool new hover board.
A Charity is…
Wednesday, June 10th, 2009A charity is an organization created by an individual or group of individuals to provide support for a philanthropic cause. Charities can exist to support people (like the homeless), things (like the environment), and ideas (like democracy).
Demand is…
Wednesday, June 10th, 2009Demand refers to how much of an item or service people are willing to buy for any given price. Basically, the demand for any particular thing is a measure of how much people want it.
Venture Capital is…
Wednesday, June 10th, 2009Venture capital is funding given to small businesses and startup companies, usually in exchange for a stake in the company. The people who offer it – venture capitalists – only do so if they believe the company will be a great success: they trade monetary aid now for a part of your profits later.
Fixed Income is…
Tuesday, June 9th, 2009Fixed income refers to any investment or instrument that pays a regular (fixed) return over a specific period of time.
Credit History is…
Tuesday, June 9th, 2009Credit history (also known as a credit report) is a detailed record of someone’s previous borrowing and the repayment of that debt. It basically just shows how likely or able you are to pay back a new loan or credit card.
Macroeconomics is…
Tuesday, June 9th, 2009Macroeconomics is the study of overall trends in the economy: unemployment, interest rates, price levels, and growth rates.