Colleges & Careers
A college that is financially supported by a state government and must follow the rules set out by the state
What is State School?
A plan for income and expenses for a period of time.
What is a budget?
A unique number that is used to identify an individual motor vehicle.
What is a VIN?
A document used by the landlord to collect information about the prospective renter in order to understand his/her financial stability and any criminal history.
What is a rental application?
The maximum amount of money a financial services company will allow you to borrow from them.
What is credit limit?
An independent school that sets its own policies and goals, and is privately funded.
What is Private School?
Money received, usually on a regular basis, for work and/or investments.
What is income?
A financing agreement where people pay to drive the car for a set period of time.
What is a lease?
Coverage for the contents inside the property in the event of theft or destruction.
What is renter's insurance?
A card that when used deducts money directly from the cardholder's own bank account.
What is a debit card?
A degree received after two (associate's) to four (bachelor's) years of college.
What are Undergraduate Degrees?
Expenses that remain the same every month and are usually paid on a regular basis.
What are fixed expenses?
An initial up-front partial payment for the purchase of expensive items.
What is a down payment?
A binding legal document signed by the renter detailing the rules for living on the property.
What is a lease agreement?
A periodic report issued by a financial institution listing all the purchases, payments and other increases and decreases resulting in a balance due by a specified date.
What is a statement?
Advanced level academic degrees including both master's and doctorate degrees.
What are Graduate Degrees?
Expenses that can change depending on use of a product or service, examples: gas for a car, utilities like water and electricity.
What are variable expenses?
Loss of a car's value over time.
What is depreciation?
A dollar amount paid in advance and held by the landlord to cover the unreimbursed damage to the property.
What is a security deposit?
The period of time a financial services company gives the cardholder to make a payment interest free.
What is a grace period?
Acronym for the Free Application for Federal Student Aid and refers to the paperwork required by the government and many state and private colleges and universities in making their financial aid decisions.
What is FAFSA?
What are discretionary expenses?
The amount the manufacturer charges the dealer for the car.
A financially secure third party who agrees to pay the rent if the primary renter does not pay.
What is a co-signer.
The lowest amount of money you are required to pay on your credit card account to avoid a late penelty.
What is a minimum monthly payment?