APR
Annual percentage rate; a standardized annual expression of borrowing cost that may include interest and certain fees.
Related questions →A
Acceleration clause
A contract term allowing the full balance to become due after specified events.
Related questions →Account age
The length of time a credit account has been open, often considered in credit scoring.
Related questions →Account status
The reported condition of an account, such as current, delinquent, or closed.
Related questions →Accrued balance
The balance after unpaid interest, fees, payments, and new activity have been applied.
Related questions →Accrued interest
Interest that has accumulated but has not yet been paid.
Related questions →Adjustable payment
A payment that can change under the terms of an account.
Related questions →Adjustable-rate debt
Debt with an interest rate that may change according to a benchmark or contract formula.
Related questions →Adjusted account status
Modified from an original amount after applying a defined factor or change. The condition reported for an account. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Adjusted budget surplus
Modified from an original amount after applying a defined factor or change. Money remaining after planned expenses and allocations. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Adjusted cash reserve
Modified from an original amount after applying a defined factor or change. Money held for unexpected or planned needs. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Adjusted debt ratio
Modified from an original amount after applying a defined factor or change. A relationship between debt obligations and another financial measure. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Adjusted expense total
Modified from an original amount after applying a defined factor or change. The combined amount of selected costs. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Adjusted interest cost
Modified from an original amount after applying a defined factor or change. The money charged for borrowing. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Adjusted payment amount
Modified from an original amount after applying a defined factor or change. The dollar amount assigned to an obligation. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Adjusted payoff date
Modified from an original amount after applying a defined factor or change. The modeled or scheduled date a balance reaches zero. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Adjusted principal balance
Modified from an original amount after applying a defined factor or change. The unpaid amount excluding future interest. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Adjusted repayment term
Modified from an original amount after applying a defined factor or change. The period over which payments are scheduled. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Administrative fee
A fee charged for processing, maintaining, or administering an account or service.
Related questions →Adverse action notice
A notice explaining certain unfavorable credit decisions.
Related questions →Affordability
The ability to sustain a payment while meeting other necessary expenses.
Related questions →After-tax income
Income remaining after taxes have been withheld or paid.
Related questions →Amortization
Repaying a balance through scheduled payments that include principal and interest.
Related questions →Amortization schedule
A table showing payment allocation between principal and interest over time.
Related questions →Annual account status
Measured or applied over a twelve-month period. The condition reported for an account. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Annual budget surplus
Measured or applied over a twelve-month period. Money remaining after planned expenses and allocations. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Annual cash reserve
Measured or applied over a twelve-month period. Money held for unexpected or planned needs. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Annual debt ratio
Measured or applied over a twelve-month period. A relationship between debt obligations and another financial measure. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Annual expense total
Measured or applied over a twelve-month period. The combined amount of selected costs. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Annual fee
A fee charged each year for maintaining certain credit cards or accounts.
Related questions →Annual interest cost
Measured or applied over a twelve-month period. The money charged for borrowing. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Annual payment amount
Measured or applied over a twelve-month period. The dollar amount assigned to an obligation. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Annual payoff date
Measured or applied over a twelve-month period. The modeled or scheduled date a balance reaches zero. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Annual principal balance
Measured or applied over a twelve-month period. The unpaid amount excluding future interest. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Annual repayment term
Measured or applied over a twelve-month period. The period over which payments are scheduled. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Annualized rate
A rate expressed as if it applied for a full year.
Related questions →Application fee
A fee charged for reviewing or processing an application.
Related questions →Arbitration clause
A contract term requiring certain disputes to be resolved outside court.
Related questions →Arrears
Money that is overdue under a payment obligation.
Related questions →Asset
Something of economic value owned by a person or household.
Related questions →Asset protection
Lawful planning intended to safeguard assets from certain risks.
Related questions →Authorized user
A person permitted to use another person’s credit account without being the primary borrower.
Related questions →Automatic minimum payment
A recurring electronic payment set to cover at least the required minimum.
Related questions →Automatic payment
A payment scheduled to occur electronically on a recurring basis.
Related questions →Available account status
Currently accessible for use after restrictions or obligations. The condition reported for an account. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Available budget surplus
Currently accessible for use after restrictions or obligations. Money remaining after planned expenses and allocations. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Available cash reserve
Currently accessible for use after restrictions or obligations. Money held for unexpected or planned needs. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Available credit
The unused portion of a revolving credit limit.
Related questions →Available debt ratio
Currently accessible for use after restrictions or obligations. A relationship between debt obligations and another financial measure. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Available expense total
Currently accessible for use after restrictions or obligations. The combined amount of selected costs. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Available interest cost
Currently accessible for use after restrictions or obligations. The money charged for borrowing. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Available payment amount
Currently accessible for use after restrictions or obligations. The dollar amount assigned to an obligation. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Available payoff date
Currently accessible for use after restrictions or obligations. The modeled or scheduled date a balance reaches zero. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Available principal balance
Currently accessible for use after restrictions or obligations. The unpaid amount excluding future interest. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Available repayment term
Currently accessible for use after restrictions or obligations. The period over which payments are scheduled. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Average daily balance
A common method for calculating credit card interest from daily balances during a billing cycle.
Related questions →B
Balance
The amount currently owed on an account.
Related questions →Balance transfer
Moving debt from one credit account to another, often with a promotional rate and transfer fee.
Related questions →Balloon payment
A large final payment due at the end of some loan structures.
Related questions →Bank levy
A legal process that may allow funds in a bank account to be taken for a debt.
Related questions →Bank statement
A periodic record of transactions and balances in a bank account.
Related questions →Bankruptcy
A federal legal process for addressing debts under court supervision.
Related questions →Bare-bones budget
A temporary spending plan limited mainly to essential expenses.
Related questions →Base rate
A benchmark used in setting some variable interest rates.
Related questions →Baseline budget
A reference budget used to compare planned and actual financial activity.
Related questions →Beneficiary
A person or entity designated to receive assets or benefits.
Related questions →Billing cycle
The recurring period covered by an account statement.
Related questions →Billing dispute
A formal challenge to an account charge, balance, or payment entry.
Related questions →Billing error
A charge, payment, or account entry believed to be incorrect.
Related questions →Borrower
A person or entity that receives credit and agrees to repay.
Related questions →Borrowing capacity
The amount a lender may be willing to extend based on income, debts, credit, and policy.
Related questions →Budget
A plan assigning income to expenses, debt payments, savings, and goals.
Related questions →Budget category
A named group used to organize income or expenses.
Related questions →Budget rollover
Unused money carried from one budget period to the next.
Related questions →Budget variance
The difference between planned and actual spending or income.
Related questions →C
Cardholder agreement
The contract containing credit card rates, fees, and rules.
Related questions →Cash advance
Borrowing cash against a credit card, often with fees and immediate interest.
Related questions →Cash flow
Money entering and leaving a household during a period.
Related questions →Cash reserve
Readily available funds held for emergencies or upcoming obligations.
Related questions →Cash-flow buffer
Money kept available to absorb timing differences or small unexpected costs.
Related questions →Cease communication request
A written request limiting certain debt-collector communications under applicable law.
Related questions →Charge-off
An accounting classification used by a creditor after a debt is seriously delinquent; the debt may still be collectible.
Related questions →Closed account
An account no longer available for new transactions.
Related questions →Closed-end credit
Credit issued for a defined amount and repaid over a set schedule.
Related questions →Co-borrower
A person jointly responsible for repaying a loan.
Related questions →Co-signer
A person who agrees to repay if the primary borrower does not.
Related questions →Collateral
Property pledged to secure a loan.
Related questions →Collection account
A past-due debt being handled by a collection department or third-party collector.
Related questions →Collection agency
A business that collects debts for creditors or debt buyers.
Related questions →Collection notice
A communication seeking payment of an alleged debt.
Related questions →Compound frequency
How often interest is added to an account balance.
Related questions →Compound interest
Interest calculated on principal plus previously accumulated interest.
Related questions →Compounding frequency
How often accumulated interest is added to a balance.
Related questions →Consumer complaint
A documented report submitted to a company or regulator about a product or service.
Related questions →Consumer credit
Credit extended for personal, family, or household purposes.
Related questions →Consumer proposal
A formal debt process used in some countries; not a U.S. federal bankruptcy chapter.
Related questions →Consumer reporting company
An organization that assembles consumer information for reports.
Related questions →Credit agreement
A contract establishing borrowing terms.
Related questions →Credit bureau
A company that collects and maintains consumer credit information.
Related questions →Credit card grace period
The period in which qualifying purchases may avoid interest if statement conditions are met.
Related questions →Credit counseling
A service that may provide budgeting education and debt-management plans.
Related questions →Credit file
The information maintained by a consumer reporting company about a consumer.
Related questions →Credit freeze
A restriction intended to prevent new creditors from accessing a credit file.
Related questions →Credit history
A record of past and current credit activity.
Related questions →Credit limit
The maximum revolving balance an account permits.
Related questions →Credit lock
A bureau feature that can restrict access to a credit file, often through a subscription or app.
Related questions →Credit mix
The variety of account types shown in a credit file.
Related questions →Credit monitoring
A service that alerts consumers to certain credit-file changes.
Related questions →Credit report
A record of credit accounts, payment history, inquiries, and related information.
Related questions →Credit risk
The risk that a borrower will not repay as agreed.
Related questions →Credit score
A numeric risk estimate generated from credit report information using a scoring model.
Related questions →Credit utilization
Revolving balances divided by revolving credit limits.
Related questions →Credit utilization ratio
Revolving balances divided by revolving credit limits, usually expressed as a percentage.
Related questions →Credit-builder loan
A small installment product intended to help establish payment history.
Related questions →Creditor
A person or company to whom money is owed.
Related questions →Creditor hardship department
A team that handles requests for temporary payment assistance or modified terms.
Related questions →Creditworthiness
A lender’s assessment of a borrower’s likelihood of repayment.
Related questions →Current account status
Reflecting the latest known statement, balance, or status. The condition reported for an account. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Current budget surplus
Reflecting the latest known statement, balance, or status. Money remaining after planned expenses and allocations. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Current cash reserve
Reflecting the latest known statement, balance, or status. Money held for unexpected or planned needs. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Current debt ratio
Reflecting the latest known statement, balance, or status. A relationship between debt obligations and another financial measure. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Current expense total
Reflecting the latest known statement, balance, or status. The combined amount of selected costs. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Current interest cost
Reflecting the latest known statement, balance, or status. The money charged for borrowing. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Current payment amount
Reflecting the latest known statement, balance, or status. The dollar amount assigned to an obligation. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Current payoff date
Reflecting the latest known statement, balance, or status. The modeled or scheduled date a balance reaches zero. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Current principal balance
Reflecting the latest known statement, balance, or status. The unpaid amount excluding future interest. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Current repayment term
Reflecting the latest known statement, balance, or status. The period over which payments are scheduled. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →D
Debt
Money or another obligation owed to another party.
Related questions →Debt avalanche
A payoff strategy targeting the highest interest rate first.
Related questions →Debt burden
The financial pressure created by required debt payments.
Related questions →Debt buyer
A company that purchases defaulted or delinquent debts.
Related questions →Debt cancellation
The elimination of some or all of an obligation under an agreement or legal process.
Related questions →Debt collector
A company or person collecting debts, subject to applicable laws.
Related questions →Debt consolidation
Combining multiple debts into a new account or repayment arrangement.
Related questions →Debt fatigue
Mental and emotional exhaustion associated with prolonged debt management.
Related questions →Debt inventory
A complete list of debts and their key terms.
Related questions →Debt management plan
A structured repayment program often administered through a credit counseling organization.
Related questions →Debt payoff milestone
A defined checkpoint, such as eliminating an account or reducing principal by a set amount.
Related questions →Debt service
Required principal and interest payments on debt.
Related questions →Debt settlement
An attempt to resolve debt for less than the full claimed balance.
Related questions →Debt snowball
A payoff strategy targeting the smallest balance first.
Related questions →Debt stacking
Directing extra payments to one debt while maintaining required payments on others.
Related questions →Debt validation notice
Information a collector is generally required to provide about a debt.
Related questions →Debt-to-income ratio
Required monthly debt payments divided by gross monthly income.
Related questions →Default
Failure to meet the repayment requirements of an agreement.
Related questions →Default judgment
A court judgment entered when a defendant does not respond or appear as required.
Related questions →Default rate
A rate or pricing term triggered by default under an agreement.
Related questions →Deferred interest
Interest that may be charged retroactively if promotional terms are not met.
Related questions →Deficiency balance
An amount still owed after collateral is sold and proceeds are applied.
Related questions →Delinquency
A payment that is past due.
Related questions →Direct consolidation loan
A federal loan that combines eligible federal student loans.
Related questions →Direct debit
An electronic withdrawal authorized from a bank account.
Related questions →Discretionary expense
A flexible or nonessential spending category.
Related questions →Disposable income
Income remaining after certain required deductions or essential costs, depending on context.
Related questions →Disposable monthly income
Monthly income remaining after required deductions and selected essential costs.
Related questions →Dispute
A formal challenge to information believed to be inaccurate.
Related questions →Due date
The date a payment must be received to be considered on time.
Related questions →E
Early payoff
Repaying an obligation before its scheduled maturity.
Related questions →Effective interest rate
The actual rate paid after considering compounding and certain costs.
Related questions →Emergency expense
An unexpected, urgent cost affecting health, safety, housing, work, or essential transportation.
Related questions →Emergency fund
Savings reserved for unexpected or urgent expenses.
Related questions →Equity
The value of an asset minus debt secured by that asset.
Related questions →Escrow
Funds held by a third party for specified payments or conditions.
Related questions →Essential expense
A cost necessary for basic living, safety, work, or required obligations.
Related questions →Estimated account status
Calculated using assumptions and subject to actual account terms. The condition reported for an account. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Estimated budget surplus
Calculated using assumptions and subject to actual account terms. Money remaining after planned expenses and allocations. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Estimated cash reserve
Calculated using assumptions and subject to actual account terms. Money held for unexpected or planned needs. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Estimated debt ratio
Calculated using assumptions and subject to actual account terms. A relationship between debt obligations and another financial measure. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Estimated expense total
Calculated using assumptions and subject to actual account terms. The combined amount of selected costs. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Estimated interest cost
Calculated using assumptions and subject to actual account terms. The money charged for borrowing. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Estimated payment amount
Calculated using assumptions and subject to actual account terms. The dollar amount assigned to an obligation. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Estimated payoff date
Calculated using assumptions and subject to actual account terms. The modeled or scheduled date a balance reaches zero. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Estimated principal balance
Calculated using assumptions and subject to actual account terms. The unpaid amount excluding future interest. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Estimated repayment term
Calculated using assumptions and subject to actual account terms. The period over which payments are scheduled. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Expense ceiling
A maximum planned amount for a spending category.
Related questions →Expense ratio
A category of expenses expressed as a share of income.
Related questions →Expense tracking
Recording and categorizing spending.
Related questions →F
Financial assistance policy
Written rules describing eligibility for certain hardship aid.
Related questions →Financial goal
A specific money objective with a target amount or date.
Related questions →Financial hardship
A condition in which ordinary obligations become difficult to meet.
Related questions →Financial triage
Prioritizing obligations by urgency and consequence during a financial crisis.
Related questions →Fixed expense
A cost that is relatively stable from month to month.
Related questions →Fixed interest rate
A rate that does not change during the specified fixed period.
Related questions →Fixed payment
A payment amount intended to remain unchanged for a period.
Related questions →Forbearance
Temporary permission to reduce or pause payments under defined terms.
Related questions →Forbearance agreement
Written terms governing temporary reduced or paused payments.
Related questions →Forbearance interest
Interest that may continue to accrue while required payments are paused or reduced.
Related questions →Foreclosure
A legal process through which a lender may take property securing a mortgage.
Related questions →Fraud alert
A credit-file notice asking businesses to verify identity carefully.
Related questions →G
Garnishment
A legal process directing part of income or funds toward a debt.
Related questions →Grace period
A period during which certain interest or penalties may be avoided if conditions are met.
Related questions →Gross income
Income before taxes and other deductions.
Related questions →Gross monthly income
Total monthly income before deductions.
Related questions →H
Hard inquiry
A credit check associated with an application and potentially considered in scoring.
Related questions →Hardship documentation
Records used to support a request for payment relief or assistance.
Related questions →Hardship letter
A written explanation of financial difficulty and requested assistance.
Related questions →Hardship program
Temporary account assistance offered to eligible borrowers experiencing financial difficulty.
Related questions →Home equity
A home’s value minus debts secured by the property.
Related questions →Household debt
Debt owed by individuals or families, including mortgages, auto loans, cards, and student loans.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
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A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
Related questions →Household finance concept 73
A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
Related questions →Household finance concept 74
A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
Related questions →Household finance concept 75
A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
Related questions →Household finance concept 76
A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
Related questions →Household finance concept 77
A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
Related questions →Household finance concept 78
A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
Related questions →Household finance concept 79
A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
Related questions →Household finance concept 8
A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
Related questions →Household finance concept 80
A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
Related questions →Household finance concept 81
A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
Related questions →Household finance concept 82
A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
Related questions →Household finance concept 83
A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
Related questions →Household finance concept 84
A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
Related questions →Household finance concept 85
A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
Related questions →Household finance concept 86
A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
Related questions →Household finance concept 87
A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
Related questions →Household finance concept 88
A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
Related questions →Household finance concept 89
A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
Related questions →Household finance concept 9
A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
Related questions →Household finance concept 90
A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
Related questions →Household finance concept 91
A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
Related questions →Household finance concept 92
A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
Related questions →Household finance concept 93
A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
Related questions →Household finance concept 94
A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
Related questions →Household finance concept 95
A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
Related questions →Household finance concept 96
A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
Related questions →Household finance concept 97
A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
Related questions →Household finance concept 98
A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
Related questions →Household finance concept 99
A planning concept used to organize income, expenses, debt, savings, risk, or repayment decisions.
Related questions →I
Identity theft
Unauthorized use of personal information for fraud.
Related questions →Income floor
A conservative baseline income used for planning variable earnings.
Related questions →Income volatility
The degree to which income changes from period to period.
Related questions →Income-driven repayment
A federal student-loan payment structure based partly on income and family size.
Related questions →Installment loan
A loan repaid through scheduled payments over a defined term.
Related questions →Interest
The cost charged for borrowing money.
Related questions →Interest capitalization
Adding unpaid interest to principal so future interest may accrue on the larger amount.
Related questions →Interest charge
The dollar amount of interest applied during a period.
Related questions →Interest rate
The percentage used to calculate interest on a balance.
Related questions →Interest savings
The reduction in interest from a lower rate, shorter term, or larger payment.
Related questions →Interest-only payment
A payment that covers interest without reducing principal.
Related questions →Introductory APR
A temporary promotional interest rate offered for a limited period.
Related questions →Itemized bill
A bill listing individual services, products, codes, or charges.
Related questions →J
Joint account
An account owned or owed by more than one person.
Related questions →Judgment creditor
A creditor that has obtained a court judgment.
Related questions →L
Late fee
A fee charged when payment is not received according to account terms.
Related questions →Late payment
A payment received after the due date.
Related questions →Lender
A person or institution that provides funds to a borrower.
Related questions →Liability
A financial obligation or debt.
Related questions →Liquidity
The availability of cash or assets that can be converted to cash quickly.
Related questions →Loan balance
The remaining principal and applicable amounts owed on a loan.
Related questions →Loan modification
A change to existing loan terms intended to create a new payment arrangement.
Related questions →Loan term
The scheduled length of a loan.
Related questions →Loan-to-value ratio
A loan balance divided by the value of collateral.
Related questions →M
Maturity date
The scheduled date an obligation is fully due.
Related questions →Medical billing advocate
A person or service that helps review and resolve medical billing issues.
Related questions →Minimum due
The required payment shown for a billing period.
Related questions →Minimum payment
The smallest amount required by an account for a billing period.
Related questions →Monthly account status
Measured or applied over a one-month period. The condition reported for an account. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Monthly budget surplus
Measured or applied over a one-month period. Money remaining after planned expenses and allocations. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Monthly cash reserve
Measured or applied over a one-month period. Money held for unexpected or planned needs. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Monthly cash-flow statement
A summary of money received and spent during a month.
Related questions →Monthly debt budget
The total amount assigned to required and extra debt payments.
Related questions →Monthly debt ratio
Measured or applied over a one-month period. A relationship between debt obligations and another financial measure. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Monthly expense total
Measured or applied over a one-month period. The combined amount of selected costs. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Monthly interest cost
Measured or applied over a one-month period. The money charged for borrowing. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Monthly payment amount
Measured or applied over a one-month period. The dollar amount assigned to an obligation. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Monthly payoff date
Measured or applied over a one-month period. The modeled or scheduled date a balance reaches zero. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Monthly principal balance
Measured or applied over a one-month period. The unpaid amount excluding future interest. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Monthly repayment term
Measured or applied over a one-month period. The period over which payments are scheduled. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Monthly surplus
Income remaining after planned expenses and payments.
Related questions →N
Negative amortization
A condition in which payments are insufficient and the balance grows.
Related questions →Negative equity
Owing more on an asset than the asset is worth.
Related questions →Net cash flow
Income minus expenses during a period.
Related questions →Net income
Income after taxes and deductions.
Related questions →Net worth
Assets minus liabilities.
Related questions →Nonpayment consequence
The likely result of missing an obligation, such as fees, service interruption, repossession, or legal action.
Related questions →Nonrevolving credit
Credit generally repaid in installments rather than repeatedly borrowed against a limit.
Related questions →O
Origination fee
A fee charged for creating or processing a loan.
Related questions →Overdraft
A transaction that exceeds the available bank-account balance.
Related questions →P
Past due
A payment obligation not satisfied by its due date.
Related questions →Payment allocation
The rules determining how a payment is applied among balances, fees, and interest.
Related questions →Payment arrangement
A negotiated schedule for repaying an amount owed.
Related questions →Payment confirmation
A receipt, number, or record verifying a payment.
Related questions →Payment hierarchy
The order in which obligations are paid based on necessity, risk, and strategy.
Related questions →Payment history
The record of whether accounts were paid as agreed.
Related questions →Payment holiday
A temporary authorized pause in required payments.
Related questions →Payment priority
The order in which a household chooses to pay obligations.
Related questions →Payment recast
A recalculation of scheduled payments after a principal reduction under eligible loan terms.
Related questions →Payment shock
A substantial increase in a required payment.
Related questions →Payoff acceleration
Reducing repayment time by increasing or adding payments.
Related questions →Payoff date
The date an obligation is expected to reach zero.
Related questions →Payoff quote
The amount required to fully satisfy an account by a specified date.
Related questions →Penalty APR
A higher interest rate that may apply after specified account events.
Related questions →Personal loan
An installment loan commonly used for personal expenses or debt consolidation.
Related questions →Prepayment penalty
A fee that may be charged for paying a loan ahead of schedule.
Related questions →Projected account status
Estimated for a future period using current assumptions. The condition reported for an account. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Projected budget surplus
Estimated for a future period using current assumptions. Money remaining after planned expenses and allocations. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Projected cash reserve
Estimated for a future period using current assumptions. Money held for unexpected or planned needs. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Projected debt ratio
Estimated for a future period using current assumptions. A relationship between debt obligations and another financial measure. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Projected expense total
Estimated for a future period using current assumptions. The combined amount of selected costs. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Projected interest cost
Estimated for a future period using current assumptions. The money charged for borrowing. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Projected payment amount
Estimated for a future period using current assumptions. The dollar amount assigned to an obligation. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Projected payoff date
Estimated for a future period using current assumptions. The modeled or scheduled date a balance reaches zero. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Projected principal balance
Estimated for a future period using current assumptions. The unpaid amount excluding future interest. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Projected repayment term
Estimated for a future period using current assumptions. The period over which payments are scheduled. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Promotional balance
A balance subject to temporary special terms.
Related questions →R
Recovery budget
A temporary budget focused on restoring current status and financial stability.
Related questions →Refinance break-even point
The time needed for payment savings to recover refinancing costs.
Related questions →Repayment capacity
The amount a borrower can reasonably pay while meeting essential obligations.
Related questions →Required account status
Mandated by an agreement, law, or account rule. The condition reported for an account. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Required budget surplus
Mandated by an agreement, law, or account rule. Money remaining after planned expenses and allocations. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Required cash reserve
Mandated by an agreement, law, or account rule. Money held for unexpected or planned needs. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Required debt ratio
Mandated by an agreement, law, or account rule. A relationship between debt obligations and another financial measure. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Required expense total
Mandated by an agreement, law, or account rule. The combined amount of selected costs. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Required interest cost
Mandated by an agreement, law, or account rule. The money charged for borrowing. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Required payment amount
Mandated by an agreement, law, or account rule. The dollar amount assigned to an obligation. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Required payoff date
Mandated by an agreement, law, or account rule. The modeled or scheduled date a balance reaches zero. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Required principal balance
Mandated by an agreement, law, or account rule. The unpaid amount excluding future interest. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Required repayment term
Mandated by an agreement, law, or account rule. The period over which payments are scheduled. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Revolving balance
The unpaid portion carried from one revolving billing cycle to the next.
Related questions →S
Scheduled account status
Planned to occur on a defined date or recurring cycle. The condition reported for an account. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Scheduled budget surplus
Planned to occur on a defined date or recurring cycle. Money remaining after planned expenses and allocations. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Scheduled cash reserve
Planned to occur on a defined date or recurring cycle. Money held for unexpected or planned needs. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Scheduled debt ratio
Planned to occur on a defined date or recurring cycle. A relationship between debt obligations and another financial measure. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Scheduled expense total
Planned to occur on a defined date or recurring cycle. The combined amount of selected costs. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Scheduled interest cost
Planned to occur on a defined date or recurring cycle. The money charged for borrowing. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Scheduled payment amount
Planned to occur on a defined date or recurring cycle. The dollar amount assigned to an obligation. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Scheduled payoff date
Planned to occur on a defined date or recurring cycle. The modeled or scheduled date a balance reaches zero. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Scheduled principal balance
Planned to occur on a defined date or recurring cycle. The unpaid amount excluding future interest. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Scheduled repayment term
Planned to occur on a defined date or recurring cycle. The period over which payments are scheduled. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Secured credit card
A credit card backed by a refundable deposit or pledged funds.
Related questions →Settlement agreement
Written terms resolving a debt for an agreed amount and schedule.
Related questions →Snowball payment
The payment amount rolled from a paid debt to the next smallest debt.
Related questions →Statement minimum
The minimum amount due on a billing statement.
Related questions →T
Temporary payment reduction
A limited-period decrease in required payment under an approved arrangement.
Related questions →Total debt payment
The combined monthly amount paid toward all debts.
Related questions →U
Unsecured personal loan
A personal loan not backed by specified collateral.
Related questions →V
Variable-rate index
The benchmark used to adjust a variable interest rate.
Related questions →Verified account status
Confirmed using a reliable document, provider, or official source. The condition reported for an account. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Verified budget surplus
Confirmed using a reliable document, provider, or official source. Money remaining after planned expenses and allocations. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Verified cash reserve
Confirmed using a reliable document, provider, or official source. Money held for unexpected or planned needs. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Verified debt ratio
Confirmed using a reliable document, provider, or official source. A relationship between debt obligations and another financial measure. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Verified expense total
Confirmed using a reliable document, provider, or official source. The combined amount of selected costs. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Verified interest cost
Confirmed using a reliable document, provider, or official source. The money charged for borrowing. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Verified payment amount
Confirmed using a reliable document, provider, or official source. The dollar amount assigned to an obligation. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Verified payoff date
Confirmed using a reliable document, provider, or official source. The modeled or scheduled date a balance reaches zero. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Verified principal balance
Confirmed using a reliable document, provider, or official source. The unpaid amount excluding future interest. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →Verified repayment term
Confirmed using a reliable document, provider, or official source. The period over which payments are scheduled. Its meaning depends on the calculation, account, or agreement in which it appears.
Related questions →W
Weekly money review
A brief recurring review of balances, bills, transactions, and upcoming obligations.
Related questions →Did you know? Financial terms often change meaning slightly by product or contract, so the written agreement remains important.
Visual decision flow
VerifyUse current documents.
CompareCost, timing, and risk.
ChooseSelect a sustainable plan.
TrackReview every statement cycle.
AdjustRespond to real changes.