Amortization Schedule – A schedule of payments made on a loan that shows the balance, interest amount, and the amount paid on principle throughout the entire loan.
Appreciation – The increase in the value of the property. This is based on the economic conditions.
APR – Annual Percentage Rate
APY – Annual Percentage Yield
Asset – A property or item that has monetary value and is fully owned by the person.
ATM – Automated Teller Machine – A machine people can use to get money out, check balances, or transfer funds.
ATM Card – A card used at an ATM machine to get money out of one’s account.
Automatic Bill Payment – A service offered by your bank or credit union that allows you to pay your bills automatically over the internet each month.
Check Register – A book where the balance is kept of an account by adding and subtracting the purchases made each day.
Debit Card – A card used to purchase items with the money in an account at most stores and ATMS.
Debt Ratio – A ratio of the Debt v.s. Income. You come to this number by dividing the payments of all debt each month by the monthly income. This gives a good idea of whether a person can afford a loan or mortgage.
Dividend – An amount of money that is paid to its shareholders out of it’s earning.
Fixed Rate – A rate that stays the same
Variable Rate – A rate that is adjusted periodically depending on the prime rate and the economic conditions.

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