Success 101 Module 11 Terms

hapefepo's version from 2017-12-04 15:41


Question Answer
Certificate of Deposit (CD) a money-market bond of a preset face value paying fixed interest and redeemable without penalty only on maturity
Cosign / cosignera person who signs an official document (such as a loan, contract, or law) with another persona person who cosigns something
Interest a charge for borrowed money generally a percentage of the amount borrowed [loan / credit card] or the profit in goods or money that is made on invested capital [savings account]
Money Market Account the trade in short-term negotiable instruments (as certificates of deposit or United States Treasury securities)
Securefree from danger or free from risk of loss [such as a secured credit card]
Impulsea sudden strong desire to do something [such as impulse buying]
Bureauan office or organization that provides services or information to the public [such as a credit bureau]
Deduction the act of taking away something (such as an amount of money) from a total
Deposit to put (money) in a bank account [or to put a deposit on a rental such as an apartment]
FICAFederal Insurance Contributions Act [Social Security]
Fixednot subject to change or fluctuation [such as a fixed income or fixed expenses]
Gross Income consisting of an overall total exclusive of deductions
Leasea legal agreement that lets someone use a car, house, etc., for a period of time in return for payment
Net Incomeremaining after the deduction of all charges, outlay, or loss
Utilitya service (such as a supply of electricity or water) that is provided to the public
Variableable or apt to vary; subject to variation or changes [such as variable expenses]