A hedge fund is an investment fund that uses complex strategies at high risk. Investors in a hedge fund accept these risks in the hope of making significant capital gains.

The sharp spike in Canadian home prices over the past 10 years has certainly been impressive. The Teranet index that tracks residential real estate transaction prices has advanced by more than 100% in most of the country’s cities over the decade.

A family budget is a method used to track all sources of income and expenses, with the intent of balancing both sides of the equation. Things accounted for in a typical family budget include fixed expenses, monthly payments, insurance, entertainment and savings and much more.


An entrepreneur is a person who seeks out an opportunity and turns it into a business for profit.

A credit union is a cooperative financial institution that offers much of the same services as banks. Unlike banks, however, credit unions are owned by its members, who exert control in a democratic fashion.

A credit score refers to the evaluation of an individual or a corporation’s credit history and capability to repay financial obligations. A credit score is essentially a numerical representation, obtained through careful analysis of a person’s credit files, of the creditworthiness of that person.

A credit card refers to a card issued to consumers by banks, businesses and others as an optional method of payment, allowing cardholders to pay for goods and services, plus interest, based on a promise to pay at a later date. The issuer of a credit card essentially provides a line of credit to a consumer, which the consumer can then use to make purchases, or to borrow money from the issuer in what is known as a “cash advance”.

Car insurance, also known as auto insurance or vehicle insurance, is a policy purchased by vehicle owners to offset costs associated with an auto accident. Car insurance can be purchased by owners of cars, trucks, motorcycles and other road vehicles.

Capital stock, or more commonly known as market capitalization, refers to all shares constituting ownership of a business, including common stock and preferred stock. The quantity of common and preferred stock a company is authorized to issue will depend on their corporate charter. Details of capital stock can typically be found on the balance sheet of a company’s financial statement. Companies have the option to either issue more capital stock or to buy back shares owned by outside shareholders.