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Financial vocabulary is often opaque and difficult to understand for those who don’t have a professional or educational background in the field. But the fact is that many of the terms we so often hear thrown around in economic contexts are tied to our financial well-being.

That’s why it’s critical to understand some of the most frequently used terms in finance. They’re the building blocks of the systems and concepts that impact our bottom lines and influence how our money works.

Here are some of the most important 10 financial terms you should know.

Read the full article in the Finances FYI section of The Seattle Times, sponsored by 1st Security Bank.