Cash is not yet obsolete, but it is becoming less common in many countries as electronic payment methods become more prevalent. While cash is still widely used in some parts of the world, particularly in developing countries, it is being replaced by credit and debit cards, mobile payments, and other forms of digital currency in many developed countries.
The term "stick" refers to a type of tally stick that was historically used to record financial transactions in England. Tally sticks were pieces of wood marked with notches to indicate the amount of money owed or paid.
An NFT, or Non-Fungible Token, is a digital asset representing ownership of a unique item or piece of content, such as art, music, videos, or other digital media. NFTs are stored on a blockchain, which is a decentralized digital ledger that records transactions and ownership of assets.
Bonds are debt securities that are issued by companies, municipalities, or governments to raise money. When a bond is issued, the issuer borrows money from investors in exchange for future payments, typically in the form of interest and principal. Bonds are a type of fixed-income security, which means that they pay a fixed amount of interest over a set period of time.
Compound interest is a type of interest that is calculated not only on the initial amount of money invested or borrowed, but also on the accumulated interest from previous periods. In other words, it is interest on interest.