Financial Terms and Concepts

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Character (credit history), Capacity (ability to repay), Capital (assets)

Back

3 C's of Credit

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Annual Deductible

Back

Yearly fixed amount or percentage of an insurance claim that is the responsibility of the insured, and which the insurance company will deduct from the claim payment.

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APR

Back

Annual percentage rate; the annual rate of interest that is charged for using credit.

Front

Exchange goods without involving money.

Back

Barter

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Bear Market

Back

A stock market with declining stock prices.

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Beneficiary

Back

One who benefits from something; a person who is left money or other property in a will or the like.

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Benefit Period

Back

Period of time for which benefits are available.

Front

Bond

Back

An IOU issued by a corporation or government that confirms you are lending the corporation or government money. Bonds pay interest regularly to lenders. At the end of the term, the borrower returns to the lender the face value (initial investment) of the bond.

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Bounced check

Back

A check written for an amount more than in your account.

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Brokerage

Back

A firm that provides you access to the stock markets.