Plain-English definitions for the terms you'll encounter on your financial journey.
A basic good used in commerce that is interchangeable with other goods of the same type, such as gold.
A government-issued currency that is not backed by a physical commodity, such as gold or silver, but by the government that issued it.
A type of cryptocurrency designed to maintain a stable value by being pegged to a fiat currency or a physical commodity.
The financial instrument, such as a stock or commodity, on which a derivative's price is based.