Categories: P

To make sure that somebody or something isn’t harmed, injured, damaged, or lost.

Taxes on property, especially real estate, but also can be on boats, automobiles (often paid along with license fees), recreational vehicles, and business inventories.

Money that is made in a business after all the costs and expenses are paid.

In the lending context, principal is the amount of money that you originally received from the lender and agreed to pay back on the loan with interest. In the investment context, it is the amount of money you contribute with the expectation of receiving income.

A fee lenders can charge borrowers if they pay off a loan early.

Payment of all or part of a debt before it comes due.

A card on which you load money in advance to spend. While a prepaid card might look like a debit or credit card, there are differences. A debit card is linked to your checking account. When you use a credit card, you’re borrowing money. A prepaid card is not linked to a checking account or … Read more

The amount of money that must be paid for an insurance policy.

The individual or firm that acquires and wants protection from the risk and generally in whose name an insurance policy is written. The holder is not necessarily the insured. For instance, life insurance policies might be bought by employers of key employees, or a person may buy and be the holder of a life insurance … Read more

In the insurance context, it is a written contract between the insured and the insurer.