Categories: D

Initial cash payment is made when something is bought on credit, such as a home or vehicle. The down payment reduces the amount of money that is borrowed.

A portion of a company’s profit is paid to shareholders.

Money electronically sent to your bank account, credit union account, or prepaid card.

A financial institution like a bank or credit union that is authorized to accept checking and saving deposits.

A measure of how popular or necessary an item is and how many consumers want to buy it.

The amount of expenses the insured must pay before the insurance company will contribute toward the covered item. For example, the amount you pay for covered health care services before your insurance plan starts to pay is your deductible.

Consolidation means that your various debts, whether they are credit card bills or loan payments, are rolled into a new loan with one monthly payment. If you have multiple credit card accounts or loans, consolidation may be a way to simplify or lower payments. But a debt consolidation loan does not erase your debt. You … Read more

Money you owe another person or a business.

A card used to make purchases at businesses (like grocery stores and gas stations) with money in your checking account.

The unauthorized movement or disclosure of sensitive information to a party, usually outside the organization, that is not authorized to have or see the information. Someone who gets the data might use it for identity theft.