If confused by any terminology on our site, make use of this glossary as helpful tips!
APR: Annual Percentage Rate (APR) steps the price of borrowing cash. In conclusion, the interest is reflected by it rate.
Assets: such a thing owned by a person.
Bank: A for-profit institution that is financial accepts deposits and networks these deposits into lending activities.
Bankruptcy: an ongoing process for which customers can expel or repay a few of or all their debts beneath the security associated with federal bankruptcy court.
Bonds: that loan that an investor makes to an organization, federal federal government, federal agency, or other company. In reality, the issuer (debtor) comes into into an agreement that is legal spend you (bondholder) interest for loaning them cash.
Certificate of Deposit (CD): a certification given by a bank up to a person money that is depositing a specified period of time. Read more