Banking
This savings account requires you to leave your money untouched for a set period of time to earn a higher interest rate.
Certificate of Deposit (CD)
This is a plan for how you will earn, spend, and save your money.
Budget
This is the main tax form individuals use to file their federal income taxes.
1040
This represents ownership in a company.
Stock
This is property pledged to secure a loan if the borrower does not repay.
Collateral
This is interest earned on both the original amount of money and the interest already earned.
Compound Interest
This amount is taken out of your paycheck before you receive it.
Deduction
This is the deadline to file federal income taxes, usually April 15.
Tax Day
This is a loan you give to a company or government that earns interest.
Bond
This is the original amount of money borrowed on a loan.
Principal
This is when your paycheck is electronically deposited straight into your bank account.
Direct Deposit
This cost stays the same each month, like rent or a car payment.
Fixed Expense
This form tells your employer how much federal tax to withhold from your paycheck.
W-4
This account allows you to buy and sell investments like stocks and bonds.
Brokerage Account
This is the percentage charged for borrowing money.
Rate
This savings is set aside to cover unexpected expenses like car repairs or medical bills.
Emergency Fund
This cost changes from month to month, like food or entertainment.
Variable Expense
This form shows how much you earned and how much tax was withheld during the year.
W-2
This investing strategy spreads money across different investments to reduce risk.
Diversification
This is the length of time you have to repay a loan.
Term
This fee is charged when you spend more money than you have in your bank account.
Overdraft Fee
This shows the cost per single unit to help compare the best deal.
Unit Price
This is the portion of income that is subject to taxes after deductions.
Taxable Income
This is an individual retirement account that offers tax advantages for saving.
IRA
This number shows how trustworthy you are as a borrower.
Credit Score