Module Resources


The purpose of this glossary is to organize resources throughout all modules.

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Entries starting with: B

BANKS

For-profit companies that pay taxes and serve to make its owners a profit.

BOND

A loan made, typically to a corporation or governmental entity, and provides a fixed income to the investor.

BUDGET

A spending plan that accounts for your sources of income and all of your monthly annual expenses, as well as your future needs and possibilities.

Entries starting with: C

CASH FLOW

Money flowing in and out.

CHECK

A piece of paper that you write out to indicate how much you want to pay someone.

CHECKING ACCOUNT

A deposit account held at a financial institution that allows withdrawals and deposits.

ChexSystems®

A consumer credit reporting agency that provides data related to how a
consumer has handled deposit accounts.

COLLATERAL


Collateral is an asset pledged by a borrower to secure a loan or other credit.

COLLISION COVERAGE

Is a no-fault coverage which pays for damages to the insured’s vehicle when in a collision.

COMPOUND INTEREST

Interest earned on the original investment, plus interest earned on interest added to the investment.

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