© 2015 Shmoop University, Inc. All rights reserved.

Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Federal Reserve Board


Our nation’s central bank. Acts as a regulator of money supply and is a big driver of interest rates. It was created with three mandates: (1) control inflation; (2) enable full employment; and (3) promote stability within the banking system. It also serves as a lender of last resort to banks.