Gr 8 4.3 Vocab

Front

corporate bond

Back

a certificate from a business that promises interest paid on a loan

Front

social welfare

Back

a nation’s system for providing assistance to those in need

Front

stock market crash

Back

a rapid and severe drop in stock prices

Front

prime interest rate

Back

the base rate of money charged by a bank for a loan

Front

gross domestic product (GDP)

Back

the value of all goods and services produced

in one country during a specific period,

usually a year or part of a year

Front

foreclose

Back

to seize, or take, a property because of failure to pay a loan

Front

Federal Reserve

Back

the central bank of the United States

Front

bank run

Back

an event in which many customers take their money out of banks for fear that the banks will fail