.
What is APR?
Annual Percentage Rate
What are charges added on a bill?
A Fee / Fees
A card that you use the bank's money and repay later is?
A Credit Card
Your income after taxes are taken out is called?
Net Income
What is another word for "A Seller"?
Lender(s)
A deposit online instead of on paper is?
A Direct Deposit
What is a lender?
A Seller
A commercial bank that is charter by the US treasury is called?
A National Bank
What are Collaterals?
Assests to guarantee a loan.
What does the FDIC stand for?
What is a Gross Income?
The income you have before taxes are taken out.
What is the account that you use to make checks in order to pay your bills?
What are Returns on Investment (ROI)
Money you make on a investment
What does Yield mean?
Earning on a investment
What is Payroll Tax?
Money withheld from your paycheck.
Character, Capacity, Capital, Collateral, and Conditions are a part of?
The Five C's of a Credit
What is a Fico Score?
Credit which affects weather or not your credit application gest accepted.
What is a Recession?
A significant decline in economic activity over an extended period of time.
What are Long-Term Goals?
Goals that take a long time to achieve / Something you want to accomplish in the future.
What does Experian mean?
Multinational data analytics and consumer credit reporting company in Ireland.
What is Capitalized Interest?
An asset or loan that is not immediately reported on the company's income statement as an expense like other interests
A credit bureau that produces credit reports is called?
Transunion
Define Liabilities
Debts that a person owes another person.
What is 401k?
A company sponsored retirement account to which employees can contribute income, while employers may match contributions.
What is a Credit Score?
Tells you how likely you are to pay a loan back on time.