Starts with letter "C"
the maximum amount of money a lender will allow you to spend on a credit card or a line of credit
Credit Limit
a financial liability or obligation owed by one person, the debtor, to another, the creditor
Debt
a sum of money that one or more individuals or companies borrow from a bank or other financial institution
Loan
expenses that change in amount from month to month
Variable Expenses
things that are nice to have but are not absolutely necessary
Wants
the ability to borrow money or obtain goods and services before payment with the promise that you'll repay it in the future, often with interest
Credit
a payment card that deducts money directly from a consumer's checking account when it is used
Debit Card
something necessary for survival or basic functioning
Need
wages withheld from an employee's total earnings for the purpose of paying taxes, garnishments, and benefits, like health insurance
Payroll Deductions
compensation paid to employees in exchange for their time and labor
Wages
an item of value that a lender can seize from a borrower if they fail to repay a loan according to the agreed terms
Collateral
placing money into the care of a bank or other financial institution
Deposit
equity ownership in a corporation or financial asset, owned by investors who exchange capital in return for these units
a wage set by contract or by law as the lowest that may be paid to employees
Minimum Wage
a form filled out by current and future undergraduate and graduate college students in the United States to determine whether they are eligible for student financial aid
FAFSA
generally operates as a substitute for cash or a check, allowing one to buy now and pay back later with interest
Credit Card
the cash that the buyer pays upfront in a real estate transaction and other large purchases
Down Payment
a security that represents the ownership of a fraction of the issuing corporation
Stock
all the money you earn before taxes and other deductions are subtracted
Gross Income
a specialized computer that allows you to complete bank transactions without the need to see a bank representative
ATM
a prediction of your credit behavior, such as how likely you are to pay back a loan on time, based on information from your credit reports
Credit Score
the reduction in value of an asset over time
Depreciation
mandatory contributions levied on individuals or corporations by a government entity
Taxes
a separate savings account used to cover or offset the expense of an unforseen situation
Emergency Fund
Asset