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'.

S&P 500

A stock index, widely considered to be the leading indicator of the U.S. market, which consists of 500 of the largest stocks (in terms of market value).

Second mortgage

See home equity loan

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