Someone in debt is said to be operating in the Red. Someone who is not in debt is said to be operating the the...
Black
This is the term for a refund.
Redress
This is a type of card that can be used to make purchases.
Debit or Credit
As consumers, we have rights AND these.
Responsibilities
This is the person that loans you money.
Lender
If you do not have enough money in your account, your check will do this.
Bounce
The initial deposit amount that interest is earned.
Principal
This is income that is left over after bills that can be used however one choses.
Disposable or Discretionary
Most people have two types of accounts at the bank. A savings account AND this.
Checking Account
This is permission for a person to pay for goods later that they buy today.
Credit
This is the term used for the person asking for a loan.
Borrower
An interest-bearing certificate of agreement.
Bond
This is when you can take money out of your CD, or this can happen if you deduct too soon.
Maturity or Penalty
If you have a budget deficit, you should find ways to make more money AND try to cut this.
Spending
A person may overspend due to emotions, known as this.
Impulse Buying
This is a plan for making and spending money.
Budget
Promise to repair an item in a timely manner.
Warranty
When shopping, you have a choice to buy 2 types of goods, one type being much cheaper than the other.
Name Brand or Generic
Once approved for a loan, Lenders may ask you for collateral AND this; some money up front.
Down Payment
This is a score that tells the bank how likely a person is to pay back a loan.
Credit Rating
Money left over after subtracting expenses.
Balance
Property or item to back your loan.
Collateral
After analyzing your income and expenses, you need to decide if you ended up with one of these THREE types of budgets.
Deficit, Surplus, or Balanced
Sometimes companies sell part of their shares AND invest in other companies called this.
Mutual Funds
Some people buy this in a company which makes them part-owner and personally involved.
Stock