Personal Finances

A debt evidenced by a "note," which specifies the principal amount, interest rate and date of repayment

• loan
• net worth
• down payment
• investment

A sum paid or charged for the use of money or for borrowing money

• interest
• net worth
• FICA
• property tax

A loan to purchase a home or other real estate

• mortgage
• budget
• state tax
• net worth

a portion of the total cost of an item that must be paid at the time of purchase

• down payment
• FICA
• investment
• insurance

a bank account that earns interest

• savings account
• investment
• checking account
• debit card

A retirement account offered through an employer, where an employee can contribute money from his or her paycheck before or after taxes.

• 401K
• Income
• investment
• state tax

An account that allows quick access to funds for transactions

• checking account
• investment
• mortgage
• budget

A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder

• debit card
• Income
• insurance
• net worth

A plastic card used to make purchases now and pay for them later.

• credit card
• budget
• loan
• FICA

Annual Percentage Rate

• APR
• FICA
• loan
• property tax