Words that begin with D
A financial liability or obligation owed by one person, the debtor, to another, the creditor.
What is Debt
A specialized computer that allows you to complete bank transactions without the need to see a bank representative.
What is a ATM
A form of debt incurred by an individual or other entity.
What is a Loan
The amount of money, property, and other transfers of value received over a set period of time in exchange for services or products.
What is Income
An asset or item acquired with the goal of generating income or appreciation.
What is a Investment
A payment card that is used to deduct the amount of a purchase directly from the bank account to which the card is linked.
What is a Debit Card
Anything that has current or future economic value to a business
An agreement between you and a lender that gives the lender the right to take your property if you fail to repay the money you've borrowed plus interest.
What is Mortgage
Expenditures that are essential for you to be able to live and work.
What is Need
Application for Federal Student Aid
What is FAFSA
Money held at a bank.
What is Deposit
The value of a financial asset increases over time
What is a Apprieciation
The price you pay to borrow money or the cost you charge to lend money.
What is Interest
All the money you earn before taxes and other deductions are subtracted
What is Gross Income
An item of value that a lender can seize from a borrower if he or she fails to repay a loan according to the agreed terms.
What is Collateral
The cash that the buyer pays upfront in a real estate transaction and other large purchases
What is Down Payment
A number that represents the total yearly cost of borrowing money, expressed as a percentage of the principal loan amount.
What is Annual Percentage Rate (APR):
Money lent to a borrower or put into an investment.
What is Principal
Mandatory contributions levied on individuals or corporations by a government entity.
What are Taxes
An accounting method for spreading out the costs for the use of a long-term asset over the expected period the long-term asset will provide value.
What is Amortization
The estimated reduction in value of fixed assets within a fiscal year.
What is Depreciation
An accounting method for spreading out the costs for the use of a long-term asset over the expected period the long-term asset will provide value.
What is a Amortization
The amount of money you bring home after taxes and deductions are taken out of your paycheck.
What is Net Income
Removing funds from a bank account, savings plan, pension, or trust.
What is Withdrawal
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.
What is 401k