Discover key financial terms explained simply to help you make smarter money decisions.
Breakdown of payments over a loan’s life
Gradual reduction of bond discount over its life
Reduction of bond premium over its life
Bond that gradually repays principal over time
Loan with regular payments that cover interest and principal
Investment that returns both interest and principal
Yearly fee for maintaining a financial account
Rate of interest change per year in an adjustable-rate loan
Maximum earnings considered for retirement contributions
Value of a recurring contract over one year
Maximum allowed yearly contribution to a savings account
Total dividend paid by a company in a year
Real annual interest rate including compounding
Tax-free gift limit per year
Recurring fee charged yearly for services
Yearly tax-free gift limit for individuals
Total income earned in a year
Tax deduction for capital investments
Total pension received annually post-retirement
Yearly interest rate on loans or credit
