Associate's Degree - -A degree granted after two years of study, often by a community or junior college
-Account Number - -Each bank account has a
... [Show More] unique account number that can be found at the bottom of a check or on your statement.
-Auto Insurance - -Type of insurance that protects a driver in the case of a car accident. States require it by law.
-Bachelor's Degree - -A degree awarded by a college or university for completing undergraduate studies.
-Balance - -The total amount of money in a banking account at any given time.
-Bonds - -Basically a loan TO the government, except you are the lender in exchange for a dividend.
-budget - -plan of how you will spend the money that you make or receive
-Certificate of Deposit (CD) - -Type of savings account in which you put your money away for a certain amount of time to allow your principal to earn interest
-Charge card - -Payment type that works just like credit cards except the balance MUST be paid in full every month
-Checking account - -A bank account that allows a customer to deposit and withdraw money and write checks. Using this can be safer and more convenient than handling cash.
-Credit card - -A small, specially coded plastic card issued by a bank, business, etc., authorizing the cardholder to purchase goods or services on credit.
-Credit history - -The complete record of your credit performance. It helps creditors determine your ability to pay back new debts
-Credit limit - -Max amount of money that may be borrowed at one time
-Credit score - -A rating used by credit reporting companies to help lenders decide whether and/or how much credit can be extended to a borrower.
-Debit card - -A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder
-Direct deposit - -An automatic deposit of a paycheck without having to take a physical check to the bank.
-Federal Income Tax - -A payroll deduction collected by employers by law and sent to the federal government to support governmental programs.
-Fixed Rate - -an interest rate that does not change over time.
-Grant - -given to students to help pay for their education and do not have to be repaid
-Health insurance - -a type of insurance that covers the cost of medical expenses
-Homeowners insurance - -type of insurance that covers your home as well as your possessions inside it in case of damage or loss
-IRS - -Government Agency responsible for collecting taxes. Everyone must file a Tax Return to the IRS.
-Invest - -Put money into an account that makes your money grow in worth.
-Interest - -A sum paid or charged for the use of money or for borrowing money
-Lease - -a contract granting use or occupation of property during a specified time for a specified payment
-Life Insurance - -insurance paid to named beneficiaries when the insured person dies
-Minimum Monthly Payment - -the smallest amount you can pay and remain a borrower in good standing
-Mortgage - -A loan to purchase a home or other real estate
-Payday Lenders - -Payday lenders offer small cash loans, usually in the range of $100 to $500, with payment due in full at the borrower's next paycheck. High Interest.
-Principal - -The original amount (as in loan) of the total due and payable at a certain date.
-Renters Insurance - -a type of insurance that covers the loss of a tenant's personal property as a result of damage or theft
-Required Balance - -A certain amount of money that must be kept in your account at all times or you may be penalized.
-Routing Number - -A nine digit bank code used in US on bottom left of checks used to identify the bank and account [Show Less]