What is :

1: Financial assets such as stocks and bonds are claims to the income generated by real assets or claims on income from the government. 3: Choosing the particular securities to include in a portfolio. 5: Describes securities purchased with money borrowed from a broker. Current maximum margin is 50%. 7: Commitment of current resources in the expectation of deriving greater resources in the future.

15: Money invested to finance a new, not yet publicly-traded firm. 17: Spreading a portfolio over many investments to avoid excessive exposure to any one source of risk. 9: Risk of breakdown in the financial system, particularly due to spillover effects from one market into others. 11: Purchase of the financial guarantee of a large insurance company to raise funds. 13: Buying a well-diversified portfolio to represent a broad-based market index without attempting to search out mispriced securities.