Money 101: Glossary of Terms, Career & Money,

The divine.ca Money 101: Glossary of Terms is the ultimate online resource for finance- and investment-related terms. Browse through the complete list of terms, sort them by letter, or use the search field to find the exact money term you’re looking for.

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Registered Education Savings Plan (RESP)

A savings plan that allows anyone from a parent to a family friend to invest in the future education of a child. Contributions grow tax-free until the child is ready to pursue a post-secondary education.

Registered Retirement Savings Plan (RRSP)

A tax-sheltered account offered by financial institutions that allows one to save for retirement while lowering their income taxes.

Return

The performance of an investment, whether positive or negative, expressed as a percentage. Also known as 'yield'.

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