Money Meanings

A
Account | Definition/uh·kawnt/

A record or statement of financial expenditure or receipts relating to a particu...

Active Income | Definition/ˈaktiv / ˈinˌkəm/

Active income is when you trade your time for money. If you perform a service to...

Asset | Definition/a·suht/

an asset is anything of value and can be converted into cash; something that a c...

ATM | Definition/a·tee·em/

An automated teller machine (ATM) is an electronic banking outlet which allows c...

APR | Definition/a·pee·r/

An annual percentage rate (APR) is the annual rate charged for borrowing or earn...

Altcoins | Definition/æltkoynz/

alternative cryptocurrencies to Bitcoin with each holding unique characteristics...

Annual Percentage Rate (APR) | Definition/ˈany(o͞o)əl pərˈsen(t)ij rāt/

the interest rate used when borrowing money from financial institutions over a p...

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

Bond | Definition/baand/

A bond is a fixed financial instrument that companies and governments use to rai...

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 ...

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 Deposits (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 payment card that deducts money directly from a consumer’s checking account to...

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  portfo...

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...

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...

Download the CapWay App

Access more features to your Money Account

  • Money Goals
  • Request Money
  • Categorize Spending
  • Money Talk
45ABCDEFGILMNOPRSTUW

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.

© 2019-2023 CapWay Inc. All Rights Reserved.