Finance Glossary
Alphabetized money terms explained in plain language for quick review.
A
APR: Total yearly cost of borrowing money.
B
Budgeting: The Cambridge dictionary definition of budgeting is "Budgeting is the process of calculating how much money you must earn or save during a particular period of time, and of planning how you will spend it."
C
Credit: The Cambridge dictionary definition of credit is "A method of paying for goods or services at a later time, usually paying interest as well as the original amount."
D
Debit: The Cambridge dictionary definition of debit is "A record of money taken out of a bank account"
I
Inflation: The Cambridge dictionary definition of inflation is "An increase in prices overtime causing a reduction in value of money"
I
Interest: The Cambridge dictionary definition of interest is "Money that is charged, esp. by a bank, when you borrow money or money that is paid to you for the use of your money"
L
Loan: The Cambridge dictionary definition of loan is "An amount of money that is borrowed, often from a bank, and has to be paid back, usually together with an extra amount of money that you have to pay as a charge for borrowing"
S
Savings: The Cambridge dictionary definition of savings is "The activity of keeping money so that you can use it in the future"
A
APR: Total yearly cost of borrowing money.
B
Budgeting: The Cambridge dictionary definition of budgeting is "Budgeting is the process of calculating how much money you must earn or save during a particular period of time, and of planning how you will spend it."
C
Credit: The Cambridge dictionary definition of credit is "A method of paying for goods or services at a later time, usually paying interest as well as the original amount."
D
Debit: The Cambridge dictionary definition of debit is "A record of money taken out of a bank account"
I
Inflation: The Cambridge dictionary definition of inflation is "An increase in prices overtime causing a reduction in value of money"
I
Interest: The Cambridge dictionary definition of interest is "Money that is charged, esp. by a bank, when you borrow money or money that is paid to you for the use of your money"
L
Loan: The Cambridge dictionary definition of loan is "An amount of money that is borrowed, often from a bank, and has to be paid back, usually together with an extra amount of money that you have to pay as a charge for borrowing"
S
Savings: The Cambridge dictionary definition of savings is "The activity of keeping money so that you can use it in the future"