Money Meanings

B
Bank Product | Definition /baNGk ˈprädək(t)/

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

Balance Transfer | Definition/ˈbaləns 'transˈfər/

A balance transfer card is quite simple. Credit card companies want your busines...

Bank | Definition/bangk/

A bank is a financial institution that accepts customer deposits and then lends ...

Bond | Definition/baand/

A bond is a financial instrument companies, and governments use to raise money f...

Bank Deposit | Definition/baNGk dəˈpäzət/

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

Bank Transfer | Definition/baNGk transfər/

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

Black Tax | Definition/blak taks/

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

Beneficiary | Definition/ˌbenəˈfiSHēˌerē/

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

Bitcoin | Definition/ˈbitˌkoin/

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

Bull Market | Definition/ˌbo͝ol ˈmärkət/

A bull market is a period of time when the value of securities or assets is risi...

Bear Market | Definition/ber märkət/

A bear market is a period of time when the value of securities or assets is gene...

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

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

Checking Account | Definition/cheh·kuhng·uh·kawnt/

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

Co-Signer | Definition/kow·sine·er/

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

Credit Card | Definition/kreh·duht·kaard/

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

Certificate of Deposit (CD) | Definition/ser·tif·i·keit·uhv·duh·paa·zuht/

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

Collections Definition | Definition/kuh·lek·shnz/

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

Compound Interest | Definition /ˈkämˌpound ˈint(ə)rəst/

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

Credit Definition | Definition/kreh·duht/

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

Check | Definition/CHek/

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

Commingling Funds | Definition /kəˈmiNGɡ(ə)ling fənds/

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

Cryptocurrency | Definition/ˈkriptōˌkərənsē/

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

Currency | Definition/ˈkərənsē/

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

Custodian | Definition /kəˈstōdēən/

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

ChexSystems | Definition/chek - si - stmz/

A nationwide specialty consumer reporting agency under the federal Fair Credit R...

Certified Financial Advisor (CFA) | Definition/ˈsərdəˌfīd fīˈnan(t)SH(ə)l ədˈvīzər/

a person who is qualified to give others financial advice regarding their plans ...

D
Deposit slip | Definition/dəˈpäzət slip/

A deposit slip is a small written form that is sometimes used to deposit funds i...

Deferment | Definition/dəˈfərm(ə)nt/

For federal student loans, allows you to stop making payments. When loans are in...

Debit Card | Definition/deh·buht·kaard/

A debit card is a digital checkbook that allows you to access funds in your acco...

Diversification | Definition/dəˌvərsəfəˈkāSH(ə)n/

a risk management strategy that combines many financial securities within a port...

Disposable Income | Definition /dəˈspōzəbəl ˈinˌkəm/

The remaining amount of money that is available to spend after deducting all nec...

Dividend Yield | Definition/ˈdivəˌdend ˌyēld/

the excess cash a public company pays per share to its shareholders. ...

Dividend Reinvestment Plan (DRIP) | Definition /ˈdivəˌdend rēinˈvestmənt plan/

automatically reinvests dividends earned from a company to earn more shares over...

Debt | Definition/det/

Debt is any money that you owe to someone else. That money could be owed to a ba...

I
Interest | Definition/in·tr·uhst/

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

Investment | Definition/uhn·vest·muhnt/

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

Internship | Definition /ˈinˌtərnˌSHip/

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

Insurance | Definition /inˈSHo͝orəns/

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

Index Fund | Definition/ˈinˌdeks fənd/

tracks the performance of stocks within an index, such as the S&P 500; a&nbs...

Investment Firm | Definition/inˈves(t)mənt fərm/

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

Investment Account | Definition/inˈves(t)mənt əˈkount/

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

Individual Retirement Account (IRA) | Definition/ˌindəˈvij(ə)wəl rəˈtī(ə)rm(ə)nt əˈkount/

An IRA or Individual Retirement Account is a retirement savings account. It is a...

Interest Checking Account | Definition/ˈint(ə)rəst ˈCHekiNG əˌkount/

An interest checking account is a type of bank account that pays you interest on...

S
Savings Account | Definition/sei·vuhngz·uh·kawnt/

A savings account is an interest-bearing deposit account held at a bank or anoth...

Stockbroker | Definition/staak·brow·kr/

A stockbroker, also called a Registered Representative, investment advisor or si...

Stocks | Definition /staaks/

a type of security that signifies ownership in a corporation and represents a cl...

Scholarship | Definition/ˈskälərˌSHip/

A scholarship is a financial award given to a student to assist them in paying f...

SPAC | Definition/ʃpak/

Special Purpose Acquisition Company; a publicly owned business created solely to...

Stock Split | Definition/ˈstäk ˌsplit/

when a company divides existing shares into multiple new shares; the number of s...

Self-Employment | Definition/self imˈploim(ə)nt/

Being self-employed means “You carry on a trade or business as a sole proprietor...

Stock Ticker Symbol | Definition/stäk ˈtikər ˈsimb(ə)l/

Publicly traded companies on the stock market are identified by their stock tick...

T
Trust Fund | Definition/trəst fənd/

A trust fund is an estate planning tool designed to establish a legal entity or ...

Tax Credit | Definition/'taks kredət/

an amount of money that can be offset against a tax liability....

Treasurer | Definition/ˈtreZH(ə)rər/

a person who is given the power to oversee the financial affairs of a business....

Tuition Reimbursement | Definition/t(y)o͞oˈiSH(ə)n rēimˈbərsmənt/

a company "pays back" or reimburses eligible employees a certain amount towards ...

Tax Forms | Definition/taks fôrms/

Tax forms are specific forms used for taxpayers and tax-exempt organizations to ...

Tribal Loans | Definition /ˈtrīb(ə)l lōns/

Tribal loans are loans offered by lenders based on tribal land. They are also re...

Tax Lien | Definition/taks leen/

A tax lien is a lien put against your property until the debt is paid in full by...

Tax Lien Certificate | Definition/taks leen sərˈtifəkət/

A tax lien certificate is a document that lists the property and the amount owed...

U
Underwater Loan | Definition/ˌəndərˈwôdər lōn/

You are underwater on a loan if you owe more than the financed object is worth....

Unbanked | Definition/ ənˈbaNGkt /

Unbanked means an individual without a bank account primarily uses cash and reli...

Underbanked | Definition/ˌəndərˈbaNGkt/

Underbanked adults refer to those who have a bank account but rely on financial ...

Underemployment | Definition/ˈəndər•əmˈploimənt/

the underuse of a worker because a job does not use the worker's skills, is part...

Uniform Gift to Minors Act Account (UGMA) | Definition/ˈyo͞onəˌfôrm gift to͞o ˈmīnərs ak(t) əˈkount/

an account set up for children, where assets can be gifted to the minor, to whic...

Uniform Transfer to Minors Act (UTMA)

A Uniform Transfers to Minors Act (UTMA) is a law that allows parents to transfe...

W
Will | Definition/wil,wəl/

A will is a legal document that outlines a person's last wishes after their deat...

Wage | Definition\ ˈwāj \

A fixed, regular payment, typically paid by an employer to an employee for work ...

Wealth | Definition/welTH/

An abundance of valuable possessions, resources, or money....

Withholding Tax | Definition/wiTHˈhōldiNG taks/

a specific amount of money taken out of an employee's paycheck and paid to the g...

Withdrawal | Definition/wiT͟Hˈdrôl,wiTHˈdrôl/

The act of removing funds from an account, such as a bank account, savings accou...

Working Poor | Definition/ˈwərkiNG po͝or,pôr/

The working poor refers to individuals that participate the labor force for at l...

Work Study | Definition/ˈwərkstədē/

a college program that allows students to work part-time to cover tuition or col...

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