Words that start with
A - B
A - B
A legal proceeding initiated when a person a person or business is unable to repay outstanding debts or obligations.
What is Bankruptcy?
A retirement savings plan that offers significant tax benefits while helping you plan for the future.
What is a 401k?
Compensation paid to employees in exchange for their time and labor.
What are Wages?
Generally operates as a substitute for cash or a check, allowing one to buy now and pay back later with interest.
What is a Credit Card?
Placing money into the care of a bank or other financial institution.
What is a Deposit?
A specialized computer that allows you to complete bank transactions without the need to see a bank representative.
What is an ATM?
A sum of money that one or more individuals or companies borrow from a bank or other financial institutions.
What is a Loan?
The money that a person or entity receives in exchange for their labor or products; the amount of money , property and other items of value received over a set period of time in exchange for services or products.
What is Income?
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.
What is a Credit Score?
Te 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.
What is Interest?
Anything that an individual or business owns that has monetary value.
What is an Asset?
An expense in your budget that you can expect to stay the same, or close to it, over time.
What are Fixed Expenses?
The money you may have available after taxes and deductions are taken out of your paycheck.
What is Net Income?
An item of value that a lender can seize from a borrower if they fail to repay a loan according to the agreed terms.
What is a Collateral?
A payment card that deducts money directly from a consumer's checking account when it is used.
What is a Debit Card?
The action or process of reducing or paying off a debt with scheduled or pre-determined installments that include principal and interest.
What is Amortization?
Money given in the form of grants, work-study, loans, and scholarships to help pay for post-secondary tuition fees, as well as related expenses such as room and board, books, supplies, and transportation.
What is Financial Aid?
Wages withheld from an employee's total earnings for the purpose of paying taxes, garnishments, and benefits, like health insurance.
What are Payroll Deductions?
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.
What is Credit?
Removing funds from a bank account, savings plan, pension, or trust.
What is Withdrawal?
An estimate of income and expenditure for a set period of time.
What is a Budget?
A form filled out by current and future undergraduate and graduate college students in the United States to determine whether they are eligible for student financial aid.
What is FAFSA?
A wage set by contract or by law as the lowest that may be paid to employees.
What is Minimum Wage?
The maximum amount of money a lender will allow you to spend on a credit card or a line of credit.
What is a Credit Limit?
The money that you originally agreed to pay back.
What is Principle?