Money Meanings

B
Bank Product

Services and tools offered by a bank to help manage your money....

Balance Transfer/ˈbaləns 'transˈfər/

The act of moving existing debt, or a “balance,” from one credit card or loan to...

Bank/bangk/

A financial establishment that invests money deposited by customers, pays it out...

Bond/baand/

A bond is a debt investment in which an investor loans money to an entity (typic...

Bank Deposit/baNGk dəˈpäzət/

A bank deposit is where money is held at a financial (banking) institution for p...

Bank Transfer/baNGk transfər/

The act of transferring electronic funds from one bank account to another bank a...

Black Tax/blak taks/

Many people of color, members of immigrant families, and first-generation colleg...

Beneficiary/ˌbenəˈfiSHēˌerē/

a person or legal entity who receives money or other benefits from a benefactor,...

C
Creditworthiness/kreh·duht·wur·thee·nis/

A valuation performed by lenders that determines the possibility a borrower may ...

Checking Account/cheh·kuhng·uh·kawnt/

A checking account is a deposit account held at a financial institution (bank) t...

Co-Signer/kow·sine·er/

A co-signer is someone who agrees to sign a loan with another person and becomes...

Credit Card/kreh·duht·kaard/

A credit card is a card issued by a financial company giving the holder an optio...

Certificate of Deposits (CD)/ser·tif·i·keit·uhv·duh·paa·zuht/

A savings certificate with a fixed maturity date, specified fixed interest rate ...

Collections/kuh·lek·shnz/

A debt or account that has not been paid on time....

Compound Interest/ˈkämˌpound ˈint(ə)rəst/

Compound interest is when you earn interest on both the money you have saved and...

Credit/kreh·duht/

Credit is a contractual agreement in which a borrower receives something of valu...

Check/CHek/

A check is a bank issued document that orders a bank to pay a specific amount of...

Commingling Funds/kəˈmiNGɡ(ə)ling fənds/

Mixing your business funds with your personal funds....

Cryptocurrency/ˈkriptōˌkərənsē/

decentralized digital money, based on blockchain technology; secured by cryptogr...

Currency/ˈkərənsē/

a type of financial commodity that is used by a country to purchase different ty...

Custodian

a person or financial institution who has access to your financial assets and is...

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