Things you have to pay.
The ability to borrow money with the promise that you'll repay it in the future, often with interest.
what is credit
A specialized computer the allows you to complete bank transactions without the need to see a bank representative.
What is an ATM?
a retirement savings plan that offers significant tax benefits while helping you plan for the future.
401K
A financial liability or obligation owed by one person,the debtor, to another, the creditor.
What is Debt?
an estimate of income and expenditure for a set period of time
What is budget?
When money is given to another party in exchange for repayment of the loan principal amount plus interest.
what is a loan
generally operates as a substitute for cash or check and most often provides an unsecured revolving line of credit.
What is a credit card?
a separate saving account used to cover or offset the expense of an unforeseen situation.
What is an Emergency Fund?
a legal proceeding initiated when a person or business is unable to repay outstanding debts or obligations.
What is bankruptcy
anything that has current or future economic value to a business
What is Asset?
mandatory contributions levied on individuals or corporations ny a government entity.
what are taxes?
a payment card that deducts money directly from a consumer's checking account when it is used.
What is a debit card.
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?
wages withheld from an employee's total earning for purpose of paying taxes, garnishments, and benefits, like health insurance.
What is Payroll Deductions?
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?
A charge that borrowers pay leaders for a loan.
what is interest?
a security the represents the ownership of a fractions of the issuing corporation.
What is stock.
Money given in the form of grants, work-study, loans, and scholarships to help pay for post-secondary tuition and fees.
What is Financial aids?
the estimated reduction in value of a fixed assets within a fiscal year
What is depreciation?
compensation paid to employees in exchange for their time and labor
What is are wages?
the money that you originally agreed to pay back.
what is principal?
The money that a person or entity receives in exchange for their labor or products
What is income?
A federal program that provides part-time jobs for undergraduate and graduate students with financial need.
What is a Work-Study program?
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 Collateral?
placing money into the care of a bank or other financial institution.
What is a deposit?