A transfer of some or all existing credit card debt to a new credit card account.

A fund with investments in both stocks and bonds, focused on achieving both long-term growth and income.

Interest rates, investment expenses, and yields are typically expressed in basis points. One basis point or bps is one-hundredth of one percent – 0.01%.

An economic condition in which share prices are falling and there is large selling of equities.

The money one has after costs are subtracted from earnings.

A low-risk, secure investment sold by institutions that require money to be deposited for a certain amount of time before it can be withdrawn.

Assets that are pledged to a lender if the borrower is unable to meet required payments in the future.

Money paid to a broker for gains on the funds they manage.

A person or company that is paying back money to some lender.

A legal document showing ownership of an asset or property.

When a loan is not repaid according to terms outlined in the promissory note it is considered in default.

When a loan payment is not made by its due date specified in a loan agreement it is considered delinquent.

The rate at which one country’s currency is exchanged for another’s.

An investment fund holding certain assets that can be traded on the stock exchange. The value of the ETF is based on the value of the assets it owns.

a person or entity with the power and obligation to act for another under circumstances which require total trust, good faith, and honesty.

Some investment that is expected to increase in value over time, like property.

Another word for co-signer, a guarantor is someone who pledges to pay some debt should the initial borrower stop meeting their obligation to the lender.

A court-appointed individual who acts as the decision-maker in the health and welfare matters of a protected person.

An individual who inherits an asset due to entitlement by law or by the terms of a will.

A very swift increase in prices for goods and services. An exceedingly high rate of inflation.

An individual who inherits an asset due to entitlement by law or by the terms of a will.

When someone steals your personal information through a data breach, phishing, malware, or another method, and uses it to commit fraud.

A general increase in prices for goods and services which, in turn, reduces the purchasing power of money.

he market value of a home, less any outstanding loan balances against it.

The amount you must pay to borrow money from a lender.

A credit rating of stocks or bonds which signals little risk to an investor.

A written explanation of your investment philosophy and the logic and strategies you’ll use to reach specific goals and objectives.

Earnings created in exchange for time worked or the use of a resource.

Debt incurred by two or more individuals or organizations, based on their combined credit applications, incomes, assets, and credit history.

A common form of joint ownership, in which a co-owner is automatically granted ownership of an asset when the co-owner dies.

Investment in some debt that is considered risky, rather, that has a greater chance to not be repaid.

An account with two or more owners, each having legal rights to the funds in the account.

A creditor’s right to secure a debt against the property of a borrower. When a debt obligation is not met, the property may be sold to cover the outstanding balance owed.

The measure of how fast an asset can be converted into cash without losing value.

A mechanism for bringing together buyers and sellers of a particular item or service.

A legal responsibility, usually to pay some amount of money in the future.

A collection of mortgage debts that are packaged and sold to investors who want exposure to real estate but do not want to buy and sell actual properties.

An investment fund that pools together investors’ money to purchase a diverse portfolio of holdings.

A mutual fund, whose shares are sold without fees or commission charges.

A type of loan used to purchase residential or commercial real property.

A short-term loan with a high-interest rate that a borrower pledges to pay back when they receive their next paycheck (wages).

The combination of all your investment assets – stocks, bonds, precious metals, real estate, cash, etc.

A fixed sum paid at regular intervals to an individual typically following their retirement.

Withdrawing more money than one has in a bank account, usually accompanied by fees from the bank.

The amount of income that is taxed by the government.

A type of savings plan or financial account, that provides a tax benefit such as tax-deferral or tax exemption.

Length of time between the disbursement of funds for a loan and the date the loan funds are to be paid back in full.

A form that taxpayers define annual income and personal circumstances. It is sent to the government to assess taxes they may need to pay.

Legally insolvent; not capable of paying bills

To reconcile the sums of the debits and credits of an account

The unused portion of the credit for which one is eligible

The record of checks paid, deposits made, and all other activity on an account

To reconcile the sums of the debits and credits of an account

A mutual fund that invests in a mix of stocks and bonds to minimize risks

Checks the bank has processed

The number of days between your last bill and your current bill

A trait of creditworthiness indicating a responsible attitude toward paying debts

A loan taken out by charging an amount of cash to a credit card

Pay based on a percentage of sales

An organized plan whereby you match your expected income to your expected outflow

The date that a purchase, cash advance, fee, service charge or payment is recorded on your charge or credit account

An extra charge for various credit activities such as using an ATM or receiving a cash advance

Checks issued by a bank or other institution for a specified amount and signed by the buyer, who may use it as cash by signing it again in the presence of a witness, such as a clerk in a store

A variety of systems and technologies for transferring funds electronically rather than by check