Term
| Annual Percentage Rate (APR) |
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Definition
| The cost of borrowing money stated as a yearly percentage rate. |
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Term
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Definition
| An estimate of income and expenses over a set time. |
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Term
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Definition
| The ability to obtain goods or services without making immediate payment, based on the agreement that payment will be made in the future. |
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Term
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Definition
| A card issued by a bank or other financial institution that allows the user to make a purchase now and pay for it later. |
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Term
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Definition
| A numerical measure of a consumer's credit worthiness. |
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Term
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Definition
| A card issued by a bank where money is taken directly out of the cardholder's bank account when a purchase or payment is made. |
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Term
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Definition
| The amount of time the cardholder must pay any outstanding balance before interest and fees are assessed. |
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Term
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Definition
| Committing money or capital to gain a financial return in the future. |
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Term
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Definition
| An individual retirement account that provides tax benefits to those who are saving for their retirement. |
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Term
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Definition
| An interest-bearing deposit account at a bank or other financial institution that allows the user to store money they don't need right away. |
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