Monetary Glossary

• Economic training at hand

Financial Terminology & Terms and conditions Said

A b c D E F Grams H We J K L Yards Letter O P Q R S T You V W X Y Z

1099-INT mode: A taxation mode you will get from the borrowing from the bank union otherwise most other lender one records the newest fee for your requirements of great interest won in your coupons.

3-fist security password: The three-finger (possibly cuatro-digit) safeguards code shown for the a charge card allows merchants be aware that the new credit member is actually actually carrying the cards when he otherwise she decides to purchase something on the internet or over the device.

401(k): A pension deals package financed of the employee efforts and you may, usually, of the partly matching contributions about company. Select and additionally Roth 401(k).

Account: A corporate arrangement anywhere between several some one or firms that is sold with the replace of money or another advantage.

Account payable: Money one a company owes to help you providers of goods and you will qualities purchased with the credit. The latest account payable amount is actually a liability towards the company. (Compare to levels receivable.)

Account statement: Tabs on purchases on your own credit union equilibrium. If the borrowing commitment now offers online financial, you generally can view your statements on the web.

Levels receivable: Money that’s owed to help you a company for goods and services it offers provided to customers for the credit. This new profile receivable count try a valuable asset with the team. (Compare with accounts payable.)

Adjustable-price home loan (ARM): A home loan with mortgage that will change within designated times, considering a printed economic index. (más…)