Words That Start With "A"
Refers to the yearly interest generated by a sum that's charged to borrowers or paid to investors.
What is annual percentage rait/APR
When its total amount changes in proportion to the change in sales, production, or some other activity.
What is variable expenses wages
The cash that the buyer pays upfront in a real estate transaction and other large purchases.
What is down payment
A number from 300 to 850 that depicts a consumer's creditworthiness.
What is credit score
When its total amount changes in proportion to the change in sales, production, or some other activity.
What is variable expenses wages
A specialized computer that allows you to complete bank transactions without the need to see a bank representative.
What is ATM
The amount of money you bring home after taxes and deductions are taken out of your paycheck.
What is net income
The sum of money that is borrowed for a certain period of time and is to be returned along with the interest.
What is debt
An item value pledged to secure a loan.
What is collateral
A type of security that gives stockholders a share of ownership in a company.
What is stock
Spreading out the repayment of a loan over time
What is Amortization
The income a person receives from certain bank accounts or from lending money to someone else.
What is income interest
A card which money may be withdrawn or the cost of purchases paid directly from the holder's bank account without the payment of interest.
What is a debit card
A physical card that can be used to make purchases, pay bills or depending on the card, withdraw cash.
What is a credit card
A form of debt incurred by an individual or other entity.
What is a loan
The value of a financial asset increases over time.
What is appreciation
The required and voluntary amounts of money that are subtracted from an employee's pay by their employer.
What is payroll deductions
The process of deducting the total cost of something expensive you bought for your business.
What is depreciation
The ability to borrow money or access goods or services with the understanding that you'll pay later.
What is credit
Helps people who can no longer pay their debts get a fresh start by liquidating assets to pay their debts or by creating a repayment plan.
What is bankruptcy
Anything you own that adds financial value.
What is asset
An expense in your budget that you can expect to stay the same, or close to it, over time.
What is fixed expenses
Placing money in a banking institution for safekeeping or for other purposes.
What is a deposit
The maximum amount of money a lender will allow you to spend on a credit card or a line of credit.
What is credit limit
A retirement savings plan offered by many American employers that has tax advantages for the saver
What is 401K