A period of temporary economic decline during which trade and industrial activity are reduced; generally identified by a fall in gross domestic product (GDP)
A person or business that offers loans at extremely high interest rates
All of the decisions and activities of an individual or family regarding their money, including spending, saving, budgeting, etc.
A person or organization that uses a product or service
A fee paid by a borrower to the lender for the use of borrowed money.
A system by which goods and services are produced and distributed
A debt evidenced by a "note," which specifies the principal amount, interest rate and date of repayment
The knowledge and skill set necessary to be an informed consumer and manage finances effectively
An obligation of repayment owed by one party to a second party
The granting of a loan and the creation of debt; any form of deferred payment
Only a few people in America have the ability to become a millionaire.