Tuesday, May 21, 2024, 2:42 AM
Site: Financial Beginnings
Course: Financial Beginnings (Home)
Glossary: Module Resources
F
FDICProvides deposit insurance for protection for money in your bank account. |
FEESIn order to make money, a bank or credit union may charge more than just interest. |
FINANCE CHARGE The finance charge is the cost of credit. It includes interest, services charges, and transaction fees. |
Financial Beginnings®The name of the nonprofit who developed this program. |
FINANCIAL EXPOSURE Another name for "risk," this is the amount that would be lost if an investment fails. |
FINRA.ORGFINRA.ORG website FINRA oversees financial brokers and provides education resources, fund analyzers, and broker information. |
FIXED EXPENSESAn expense that does not change. |
FIXED-RATE LOAN A fixed-rate loan has an APR set when the loan is opened and remains the same throughout the entire term of the loan. |