Words that start with C.
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
Things that are nice to have but are not absolutely necessary
Want
Using your personal information-such as your name, Social Security number, or credit card number-without you permission
Identity theft
The money that you originally agreed to pay back
Principal
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 cash that the buyer pays upfront in a real estate transaction and other large purchases
Down Payment
A federal program that provides part-time kids for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses
Work-study program
All the money you can earn before taxes and other deductions are subtracted
Gross Income
A wage set by contract or by law as the lowest that may be paid to employees
Minimum wage
The maximum amount of money a lender will allow you to spend on a credit card or a line of credit
Credit Limit
Placing money into the care of a bank or other financial institution
Deposit
Expenses that change in amount from month to month
Variable Expenses
The monetary charge for borrowing, or depositing money and is usually expressed as a percentage of the amount borrowed, or deposited; a charge that borrowers pay lenders for a loan
Interest
Wages withheld from an employee's total earnings for the purpose of paying taxes, garnishments, and benefits, like health insurance
Payroll Deductions
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
A financial liability or obligation owned by one person, the debtor, to another, the creditor
Debt
Compensation paid to employees in exchange for their time and labor
Wages
An asset or item acquired with the goal of generating income or appreciation
Investment
A sum of money that one or more individuals or companies borrow from a bank or financial institution
Loan
Generally operates as a substitute for cash or a check, allowing one to buy now and pay back later with interest
Credit Card
The reduction in value of an asset over time
Depreciation
Removing funds from a bank account, saving plan, pension, or trust
Withdrawal
The money that a person or entity receives in exchange for their labor or products; the amount of money, property, and other item of value received over a set period of time in exchange for services or products
Income
A secured loan used to finance real estate, where the property itself serves as collateral, meaning the lender can seize it (foreclose) if the borrower defaults on regular principal and interest payments
Mortgage