Let me make it clear about Glossary of Financial Terms

Let me make it clear about Glossary of Financial Terms

Utilize this glossary as a guide to terms that are financial. If confused by any terminology on our site, make use of this glossary as helpful information!

APR: Annual portion Rate (APR) steps the price of borrowing cash. In summary, it reflects the attention rate.

Assets: such a thing owned by someone.

Bank: A for-profit financial organization that accepts deposits and networks these deposits into lending activities.

Bankruptcy: an activity by which customers can expel or repay a few of or all their debts beneath the security of this federal bankruptcy court.

Bonds: A loan that an investor makes to a firm, federal federal government, federal agency, or any other company. In reality, the issuer (debtor) gets in into a appropriate contract to pay you (bondholder) interest for loaning them cash.

Certification of Deposit (CD): a certificate granted by a bank up to a person depositing cash for a certain period of time.

Collateral: One thing pledged as protection when it comes to payment of that loan or forfeited in the eventuality of standard.

Customer: as a whole, somebody who utilizes or purchases services and products.

Credit rating: an line that is extended of for individual or home usage.

Compound Interest: Interest credited day-to-day, month-to-month, quarterly, semi-annually, or annually on major and formerly credited interest.

Credit history: A document which contains the documents of all of the of your borrowing and repayment history. Additionally, to find out more on how to access your credit file, click the link .

Credit Union: A member-owned, non-profit institution that is financial provides monetary solutions to its users. […]