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 who receives money from a trust, will, or life insurance policy after a...

Bitcoin/ˈbitˌkoin/

Bitcoin is a peer to peer digital currency that makes use of a public ledger to ...

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...

ChexSystemschek · si · stmz

Chex Systems, Inc. (ChexSystems) is a nationwide specialty consumer reporting ag...

I
Interest/in·tr·uhst/

Interest is the charge for the privilege of borrowing money, typically expressed...

Investment/uhn·vest·muhnt/

An investment is an asset or item that is purchased with the hope that it will g...

Internship/ˈinˌtərnˌSHip/

the position of a student or trainee who works within an organization or company...

Insurance/inˈSHo͝orəns/

coverage by a contract protecting against a possible loss or eventuality....

Index Fund/ˈinˌdeks fənd/

a portfolio of stocks and bonds that perform similarly to a financial market ind...

Investment Firm/inˈves(t)mənt fərm/

a corporation that pools money from the public and purchases different types of ...

Investment Account/inˈves(t)mənt əˈkount/

a type of financial account that contains a deposit of funds and/or securities t...

Individual Retirement Account (IRA)

a type of retirement savings account ...

Download the CapWay App

Access more features to your Money Account

  • Money Goals
  • Request Money
  • Categorize Spending
  • Money Talk

The CapWay, Inc Debit Visa Card is issued by Metropolitan Commercial Bank (Member FDIC) pursuant to a license from Visa U.S.A. Inc. “Metropolitan Commercial Bank” and “Metropolitan” are registered trademarks of Metropolitan Commercial Bank ©2014.

1. For Money Account holders with a negative balance, the CapWay debit card will go into freeze until funds are deposited to bring account back to current. See terms and conditions

2. Sending or receiving money from other CapWay account holders will be instant. Transfers from other accounts could take up to 48 hours, depending on the financial institution.

3. Early access to funds requires direct deposit. Early payment is not guaranteed and is dependent on the timing of payer's submission of deposits. We generally post such deposits on the day they are received which may be up to 2 days earlier than the payer's scheduled payment date.

4. Money Goals allows account holders to save money towards financial goals created within the CapWay platform. Funds can be transferred from your Money Account or saved through the rounding up of your transactions from purchases.

5. CapWay offers financial content through Learn Money free of charge, but may include advertisements through affiliates. Phunds, CapWay's literacy program and session, is paid content or co-branded content.

© 2019-2022 CapWay Inc. All Rights Reserved.