generally operates as a substitute for cash or a check and most often provides an unsecured revolving line of credit
Credit card
a sum of money placed or kept in a bank account, usually to gain interest
Deposit
an offering of securities into an existing trading market for the securities at price or prices related to the then-market price of the securities
ATM
a type of security that gives stockholders a share of ownership in a company
Stock
expenses that change in amount from month to month
Variable expenses
the maximum amount of money a lender will allow you to spend on a credit card or a line of credit
Credit limit
the cash that the buyer pays upfront in a real estate transaction and other large purchases
Down payment
a number that represents the total yearly cost of borrowing money, expressed as a percentage of the principal loan amount
Annual Percentage Rate (APR)
expense that help you live more comfortably
Want
removing funds from a bank account, savings, plan, pension, or trust
Withdrawal
a prediction of you credit behavior, such as how likely you are to pay a loan back on time, based on information for your credit reports
Credit score
a payment card that deducts money directly from a consumer’s checking account when it is used
Debit card
anything that has current or future economic value to a business
Asset
mandatory contributions levied on individuals or corporations by a government entity
Taxes
all the money you earn before taxes and other deductions are subtracted
Gross income
an asset that a lender accepts as security for extending a loan.
Collateral
occurs when a company raises money by selling debt instruments to investors
Debt
an accounting method for spending out the costs for the use of a long-term assets over the expected period the long-term asset will provide
Amortization
the difference between cost and ability to pay
Need
wages withheld from an employee’s total earnings for the purpose of paying taxes, garnishments and benefits, like health insurance
Payroll deductions
a more flexible form of finance that allows you to access the amount of money loaned, according to your needs at any given time
Credit
the estimated reduction in value of a fixed assets within a fiscal year
Depreciation
the value of a financial asset increases over time
Appreciation
a defined contribution plan where an employee can make contributions from his or her paycheck either before or after-tax, depending on the options offered in the plan
4O1k
the money that you originally agreed to pay back
Principal