2 Words
A separate savings account used to cover or offset the expense of an unforeseen situation.
What Is Emergency Fund
An asset or item acquired with the goal of generating income or appreciation.
What Is Investment
The money you may have available after taxes and deductions are taken out of your paycheck.
What Is Net Income
The estimated reduction in value of a fixed assets within a fiscal year.
What Is Depreciation
A security that represents the ownership of a fraction of the issuing corporation.
What Is Stock
The cash that the buyer pays upfront in a real estate transaction and other large purchases.
What Is Down Payment
A specialized computer that allows you to complete bank transactions without the need to see a bank representative.
What Is ATM
All the money you earn before taxes and other deductions are subtracted.
What Is Gross Income
A legal proceeding initiated when a person or business is unable to repay outstanding debts or obligations
What Is Bankruptcy
Equity ownership in a corporation or financial asset, owned by investors who exchange capital in return for these units.
What Is Share
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 Credit Score
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.
What Is interest
The ability to borrow money with the promise that you'll repay it in the future, often with interests.
What Is Credit
A financial liability or obligation owed by one person, the debtor, to another, the creditor.
What Is Dept
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
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
The money that you originally agreed to pay back.
What Is Principal
A wage set by contract or law as the lowest that may be paid to employees.
What Is Minimum Wage
A payment card that deducts money directly from a consumer's checking account when it is used.
What Is Debit Card
The money that you originally agreed to pay back.
What Is Principal
Generally operates as a substitute for cash or a check most often provides an unsecured revolving line of credit.
What Is Credit Card
Placing money into the care of a bank or other financial institution.
What Is Deposit
An estimate of income and expenditure for a set of period of time.
What Is Budget
Wages withheld from an employee's total earnings for the purpose of paying taxes, garnishments, and benefits, like health insurance.
What Is Payroll Deductions
Expenses that help you live more comfortably.
What Is Want