| banking | interest | Debt | Income | Miscellaneous |
|---|---|---|---|---|
|
What is balance?
amount of money owned
|
What is interest?
Cost you charge to lend money
|
What is Debt?
money owed
|
What is Income tax?
Tax taken from annual income
|
What is property tax?
Tax paid on owned property
|
|
What is 401k?
Retirement savings plan with tax benefits
|
What is Compound interest?
Interest that is earned on interest
|
What is Debt-to-Income Ratio?
Money earned to money owed
|
What is income?
Money received from work or investment
|
What is net worth
total amount of money that someone owns
|
|
What is bankruptcy?
inability to pay outstanding debts
|
What is interest rate?
Proportion of a loan charged to lender
|
What is Arrears?
Debt that Should've been paid
|
What is gross income?
Total money earned before bills or tax
|
What is net income
income after cost and tax
|
|
What is a minimum deposit?
set amount required to open a bank account
|
What is APY?
Annual percent yield reflecting compound interest
|
What is Collections?
Money owed to a business by a customer
|
What is what is inflation?
Increase in Price and decrease in money value
|
What is a payday lender?
one who lends small amounts with high interest
|
|
What is Financial leverage?
Other People Money (OPM)
|
What is Capitalized interest?
unpaid interest onto balance of a loan
|
What is Overdraft fee?
Bank charges for withdrawing more then owned
|
What is Return on Investment (ROI)?
Money made on investment
|
What is Yield?
How much income generated by investment
|
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