Lottery

Filed Under »
Dictionary Says

Definition of 'Lottery'

A game of chance, where winners are typically decided by a drawing. Lotteries can be used in decision-making situations, such as sports drafts and allocation of scarce medical treatment, but are most commonly used in the popular form of gambling, financial lotteries. The financial lottery is a game where players select a group of numbers and win prizes based on how they match the drawn results.
Investopedia Says

Investopedia explains 'Lottery'

The winner of a financial lottery will often have the choice of taking a lump-sum payment or annual installments. The lump-sum choice is attractive to most people, because of the time value of money; a dollar is worth more when it is received now than when it is received in the future. But it is also for this reason that you will receive a lower dollar amount than the sum of the future installments.

A prudent lottery winner would consult a financial professional before accepting an offer to liquidate their installment lottery winnings.

Articles Of Interest

  1.

    Winning The Jackpot: Dream Or Financial Nightmare?

    Don't assume all prizes are free. Many come with enough costs to render them worthless.

  2. 4 Fatal Financial Fantasies

    These dreams are likely to burst - and may blow away your financial future in the process.

  3. Sinful Investing: Is It For You?

    Sin stocks may seen outright undesirable to some, but these "naughty" industries bring stable returns - even in hard times.

  4. Socially (Ir)responsible Mutual Funds

    Not concerned about being an ethical investor? Maybe "sinful stocks" have a place in your portfolio.

  5. Follow The Herd In Trading The Capital Market

    If you have ever heard "the trend is your friend" and believed it, you may be a fan of herd instinct mentality. This is an environment where, just like with fashion, masses of people follow a ...

  6. The Good And Bad Of National Lotteries

    Here's a look at some of the positives and negatives of national lotteries.

  7. Investing Vs. Gambling: Where Is Your Money Safer?

    Many people who have never invested before see it as just another form of gambling. Find out the truth.

  8. Making Money In Las Vegas

    It's never been a worse time to break into the ranks of Vegas dealers and pit bosses.

  9. States That Spend The Most On Lottery Tickets

    Here are the areas in the U.S. that spend plenty of money on lottery tickets.

  10. In Praise Of Lotteries

    Lotteries are horrible investment alternatives, but they ought to be better respected as entertainment options.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Yield Elbow

    The point on the yield curve indicating the year in which the economy's highest interest rates occur. The yield elbow is the peak of the yield curve, signifying where the highest interest rates occurred.

  2. Xenocurrency

    A currency that trades in markets outside of its domestic borders.

  3. Wanton Disregard

    A standard of severe negligence. Wanton disregard is a very serious accusation that indicates that a person behaved extremely recklessly.

  4. Ultra ETF

    A class of exchange-traded funds (ETF) that employs leverage in an effort to achieve double the return of a set benchmark.

  5. Toehold Purchase

    A purchase of less than 5% of a target company's outstanding stockmade by an acquiring company. A toehold purchase of just under 5%, while not a significant stake in a firm, allows the shareholders a "toe-holds" grip on the company and its decision making.

  6. Samurai Bond

    A yen-denominated bond issued in Tokyo by a non-Japanese company and subject to Japanese regulations.
Trading Center
http://sp.fastclick.net/ad/tr/10858-64082-15546-0?mpt=4b0daae767ac7a3e0f1b449703760c8b