1 These materials are intended for education purposes only. Any opinions expressed in these materials are not necessarily those of Citigroup and its affiliates. If legal, financial, tax, or other expert advice is required, the services of a qualified professional should be sought. 401(k) A retirement plan that is sponsored by an employer and allows employees to contribute to a tax-deferred account; some 401(k) plans also receive funding from employers. 401(k) funds can be withdrawn after the employee retires and/or is 59 years old. Taxes are paid upon withdrawal. Accountant A professional who is trained to document, record and analyze financial information in order to provide accurate payroll, tax, income, and other reports. Advance (also Cash Advance) A loan against available credit or future cash. Example: An advance on a credit card is a loan. The APR for a credit card advance usually is higher than the APR for purchases on the same card. Annual Fee The cost or charge for having credit available to use for a year. Some credit cards charge an annual fee, others do not. The annual fee is in addition to the cost of using credit, interest. Annual Percentage Rate (APR) The cost of credit on a yearly basis, expressed as a percentage rather than a dollar amount. Asset Something of value. Personal assets are divided into two main categories: liquid assets cash-on-hand and savings; and capital assets investments including 401(k) retirement funds, a house, or other valuable property. Asset Allocation A basic financial planning strategy to save or invest in several different types of assets including cash, stocks, bonds, and real estate. Asset allocation increases opportunities for growth and protects against potential losses. ATM (Automated Teller Machine) A computer that allows consumers to learn balances, get cash, make deposits, and do other banking chores. ATMs are located in banks, stores, malls, drive-in centers, colleges, hospitals, airports, service stations, and many other locations for 24-hour convenience. If you use an ATM that is not sponsored by your bank, there may be a fee for using it.
2 Average Annual Return * The rate of return on investments averaged over a specific period of time (Example: the last 20 years). It is determined by adding together the rates of return for each year and dividing by the number of years in the calculation. Balance Sheet A financial snapshot of assets and liabilities to show net worth at a specific point in time. A personal balance sheet would include all checking and savings account balances and investments, as well as loans and other debts on a certain date, such as the end of a quarter or year. Bank Statement Monthly record of all activity within an account, provided by the bank. Bankruptcy When a borrower cannot pay debts and cannot work out a payment plan with the credit card or other creditors, he/she can file with the court to be released from debts. This is a serious situation that may have profound effects on the consumer. It may require the sale of the debtor s property and/or a court-approved plan for repayment of debts. It can also reduce or eliminate the consumer s ability to get a job, buy a car or home, or get additional credit for many years. Banks* Corporations chartered by state or federal government to offer numerous financial services such as checking and savings accounts, loans, and safe deposit boxes. The Federal Deposit Insurance Corporation (FDIC) insures accounts in federally chartered banks. Beneficiary An individual or group named to receive the income, funds, or payment from an investment, trust, retirement, or insurance fund. Example: A husband may name his wife as the beneficiary of his life insurance policy. Bill (Billing Statement) A statement that customarily discloses the payment terms and conditions, including current or past due amounts, outstanding balance, due date, APR, and other details. Budget* A financial plan that summarizes future income and expenditures over a period of time. * Terms marked with an asterisk were reprinted with permission from the National Jump$tart Coalition for Personal Financial Literacy, Washington, D.C. Additional terms were added by Citigroup specifically for this program.
3 Cancelled Check A check that has been stamped to show that the payee has received the designated amount from the bank and that amount has been deducted from the account holder s checking account. Capital Gain* A positive difference between an asset s price when bought and its price when or if sold; the opposite of capital loss. Capital Loss* A negative difference between an asset s price when bought and its price when or if sold; the opposite of capital gain. Cash Advance (See Advance.) Cashier s Check A check that is paid for by a customer either with cash or funds from a savings or checking account then issued by a bank, drawn on its own funds, and signed by the cashier. A cashier s check is often required for large financial transactions where the title to property is transferred. Example: A cashier s check is required by the seller to finalize the closing of a home sale. Certificate of Deposit (CD) A timed deposit that may be protected by the FDIC, incurs penalty charges if money is withdrawn before the maturity date, and usually has a higher rate of return than other interest-bearing savings options. Check A written order to pay a specified sum from funds held in a bank or credit union account. Check Register (Ledger) A record of all activity that happens within a checking account; maintained by the checking account holder. Checking Account An account from which the account holder can write checks. Commission* A fee to a third party for assisting a business transaction, such as buying or selling an asset. Example: A real estate agent who sells a home receives a commission a percentage of the cost of the home for the work done to make the sale. A commission on a $200,000 home could be 5 percent or $10,000.
4 Compensation* The total wage or salary and benefits that an employee receives. (See Income.) Compound Interest* Interest credited daily, monthly, quarterly, semi-annually, or annually on both principal and previously credited interest. Consumer* A person who buys and/or uses a product. CPA (Certified Public Accountant) An accountant who is a graduate of an accredited college accounting program, has several years professional accounting experience, and has passed an exam to certify skills, integrity, and objectivity in reporting financial information. A CPA also needs to take continuing education programs to have current knowledge of tax laws and other developments that affect financial reporting. Credit Trust given to another person for future payment of a loan, credit card balance, etc. Credit Card A small plastic card that is encoded with a credit account number and other information to allow a person to charge expenses against a credit line. Credit Counseling Professional guidance from trained credit counselors, who will work with an individual to help him or her get out of debt and establish a sound financial management plan. Credit Laws Bankruptcy Reform Law Credit Counseling (2005) The recently enacted Bankruptcy Reform Law includes a provision that consumers be fully informed about the bankruptcy process, alternatives to bankruptcy, and the potential consequences of filing for bankruptcy. The new law also requires debtors, prior to receiving a bankruptcy discharge, to complete a financial management instructional course. Providing consumers in bankruptcy with education and training, as well as the necessary skills and tools, will enable them to better prepare for their financial future and to avoid future financial problems.
5 Fair Credit Reporting Act (as amended 1997) Federal law that covers the reporting of debt repayment information. It establishes when a credit reporting agency may provide a report to someone; states that obsolete information must be taken off (7 or 10 years); gives consumers the right to know what is in their credit report; requires that both a credit bureau and information provider (Example: department store) have an obligation to correct incorrect information; gives consumers the right to dispute inaccurate information and add a 100-word statement to their report to explain accurate negative information; and gives consumers the right to know what credit bureau provided a report when they are turned down for credit. Fair Credit Billing Act Federal law that covers credit card billing problems. It applies to all openend credit accounts (Example: credit cards, overdraft checking). States that consumers should send a written billing error notice to the creditor within 60 days (after receipt of first bill containing an error); creditor must acknowledge in 30 days; creditor must investigate; and creditor may not damage a consumer s credit rating while a dispute is pending. Fair Debt Collection Practices Act Federal law that prohibits debt collectors from engaging in unfair, deceptive, or abusive practices when collecting debts. Collectors must send a written notice telling the amount owed and name of the creditor; collector may not contact consumer if he or she disputes in writing within 30 days (unless collector furnishes proof of the debt); collectors must identify themselves on the phone and can call only between specified times unless a consumer agrees to another time; and collectors cannot call consumers at work if they are told not to. Equal Credit Opportunity Act Federal law that requires that consumers be given an equal ability to receive credit. Prohibits discrimination on the basis of gender, race, marital status, religion, national origin, age, or receipt of public assistance. Lenders cannot ask about your plans for having children or refuse to consider consistently received alimony or child support payments as income. If you are denied credit, you have a legal right to know why. Truth in Lending Act Federal law that mandates disclosure of information about the cost of credit. Both the finance charge (i.e., all charges to borrow money, including interest) and the annual percentage rate or APR (i.e., the percentage cost of credit on a yearly basis) must be displayed prominently on forms and statements used by creditors. The law provides criminal penalties for willful violators, as well as civil remedies. It also protects you against unauthorized use of your credit card. If it is lost or stolen, the maximum amount you have to pay is $50.
6 Fair Credit and Charge Card Disclosure Act A part of the Truth in Lending Act that mandates a box on credit card applications that describes key features and costs (i.e., APR, grace period for purchases, minimum finance charge, balance calculation method, annual fees, transaction fees for cash advances, and penalty fees such as over-the limit fees and late payment fees). Credit Line (also called a Line of Credit) The amount of credit that is available for purchases or cash advances on a credit account. Credit Rating (also called Credit Score) A number that indicates a person s creditworthiness based on the use of credit, credit payments, employment, and other information. Credit Report Financial information collected by businesses and used by lenders to determine creditworthiness of individuals. This information contains an individual s personal and employment history, as well as payment history of all debts. Credit Unions* Not-for-profit cooperatives of members with some type of common bond (Example: an employer) that provide a wide array of financial services, often at a lower cost than banks. Creditor A person or company to whom a debt is owed. Debit Card A card that provides for the payment of goods and services purchased with the card, subtracted directly from funds held in a person s bank account. Deflation* A broad, overall drop in the price of goods and services; the opposite of the more common inflation. Direct Deposit A person signs an agreement to have payments such as salary, Social Security, investment income, or other funds sent directly into a bank account. This is a safe, convenient way to have immediate access to money. Disposable Income* Income remaining after income and payroll taxes are deducted from gross pay; income available to spend or save.
7 Diversification The process of spreading assets among different investments to reduce the risk of a decline in value of an investor s total portfolio from a decline in any one investment. Example: A person may include stocks, bonds, and life insurance as part of a complete retirement investment program. Dividend* A payment to shareholders that a company s board of directors approves from earnings. Dollar Cost Averaging* Investing regular sums of money (Example: $50) at regular time intervals (Example: quarterly) regardless of whether security prices are moving up or down. Due Date The date a bill must be paid to keep an account current and avoid interest and penalty fees. Earned Income* Payment received for work, such as wages, salaries, commissions, and tips. Earned Income Tax Credit (EITC) A refundable federal income tax credit for low-income working individuals and families. Employee Benefit* Something of value that an employee receives in addition to a wage or salary. Examples include health insurance, life insurance, discounted childcare, and subsidized meals at the company cafeteria. Employer-Sponsored Retirement Savings Program* Tax-deferred savings plans offered by employers that provide a federal tax deduction, tax-deferral of contributions and earnings, and, in some cases, employer matching. They include 401(k) plans for corporate employees, 403(b) plans for employees of schools and non-profit organizations, and Section 457 plans for state and local government employees. Employer-Sponsored Savings Plan* A government-approved program through which an employer can assist workers in building their personal retirement funds. Endorsement A written mark on the back of a check, such as a signature, entitling the payee to either receive or transfer payment. Entrepreneur* A person who starts a business.
8 Expense* The cost of a good or service. FDIC (Federal Deposit Insurance Corporation) A federal agency, established in 1933, that protects most deposits against certain losses of up to $100,000. FICA (Federal Insurance Contributions Act) The legislation that funds Social Security. FICA deductions are made from an individual s paycheck, then sent by employers to the government. Finance Charge Charges to borrow money, including interest. Financial Advisor (also called a Financial Planner) A person who gives financial advice. Check the credentials to be sure a Financial Advisor or Planner is a qualified and/or certified professional. Financial Goals* Short, intermediate, and long-term goals that require money and guide a person s future plans and savings decisions. Financial Plan* A plan of action that allows a person to meet not only the immediate needs but also the long-term goals. Financial Resources* Financial assets that can be accessed when necessary. Fraud* An intentional deception of a fact by one person to another. Garnishment A court order requesting that an employer deduct a percentage of the employee s paycheck and send it to the creditor before the paycheck is given to the employee. Government Transfer Payments* Payments by governments, such as Social Security, veterans benefits, and welfare, to people who do not supply current goods, services, or labor in exchange for these payments. Grace Period* A time period during which a borrower can pay the full balance of credit due and not incur any finance charges. Gross Pay The total amount of your pay, before deductions for FICA, health insurance, taxes, and other expenses.
9 Home Equity Loan, Home Equity Line of Credit A loan or line of credit issued on the current value of your home minus the outstanding liens. Example: If your home cost $150,000 and now has a market value of $200,000, you may qualify for a Home Equity Loan or Line of Credit for $50,000 or more, depending on how much of a down payment you made and how much of your mortgage principal is outstanding. IDA (Individual Development Account) Special savings accounts that help low-income consumers build financial assets. IDA savings deposits are increased with matching funds from sponsoring community-based organizations and financial institutions, and can be used to buy homes, pay for post-secondary education, start a small business, or save for retirement. Identity Theft Crime committed when someone gains access to and uses another person s credit card numbers, Social Security number, birth date, checking and savings account numbers, driver's license, automobile records, or other important personal information, and uses that person s identity for a fraudulent purpose, such as setting up accounts without permission. Income* Earnings from work or investment. (See Compensation.) Inflation* A broad, overall rise in the price of goods and services; the opposite of the less common deflation. Insurance Protection against the loss of life, health, home, car, or other valuables. Interest* Money paid to savers and investors by financial institutions, government, or business entities for the use of their money (Example: 5% interest on a Certificate of Deposit or 6% interest on a bond). Interest-Only Loan A loan that is structured so that the payments are only interest; no part of the principal is paid. Example: The monthly cost of an interest-only loan for a home mortgage would be just the monthly interest rate; at the end of the loan term, the original purchase price of the loan is still due. Investing* The process of setting money aside for the purpose of increasing over time and accumulating funds for long-term financial goals, such as retirement. Investor* One who buys securities, such as stock and bonds, to achieve long-term financial goals.
10 IRA (Individual Retirement Account) A tax-deferred savings account for individuals. Ledger (See Check Register.) Lien A court order that allows a creditor to place a claim on property, investments, funds, or other types of property owned by a debtor who is in default on an obligation, such as a loan. A lien lets a creditor recover the losses from unpaid debt. Liquidity* The quality of an asset that permits it to be converted quickly into cash without loss of value. Loss* The negative difference between total revenue from a business or investment minus total expense. Medicare* A federal government program of transfer payments for certain health care expenses for citizens 65 or older. The Social Security Administration manages the program. Money Market Account A type of savings account that may be protected by the FDIC, with minimum balance requirements and usually higher interest rates than other types of savings accounts. Money Order A payment instrument that can be bought at the Post Office or another institution and used to pay funds, instead of cash. Money Wire (Transfer) The process of sending money from one individual or bank to another, sometimes between countries. Mortgage Loan A loan to pay for property, usually a house. For most people, a mortgage loan is the largest financial obligation they apply and qualify for in a lifetime. Mutual Funds* Investment companies that pool money from shareholders and invest in a variety of securities, including stocks, bonds, and short-term money market assets. 10
11 National Credit Union Administration (NCUA) A federal agency that charters and oversees federal credit unions. The NCUA insures deposits at federal credit unions and at some state credit unions against certain losses. Needs* Those economic goods and services that are considered basic, such as food, clothing, and shelter. Net Pay (also called Take-Home Pay) The amount of money in your paycheck; total wage or salary (plus bonuses) minus payroll deductions. Online Banking Computer systems that allow consumers to check balances, pay bills, transfer funds, and complete other banking activities through the Internet. Opportunity Cost* The opportunity cost of a choice is the value of the best alternative given up. Example: If a person sells an investment that is worth $40,000 and earns 8 percent per year $3200 to buy a new car, the opportunity cost is $3200 because that is how much the person gives up by using the investment. Most likely in this situation, the cost of financing the car would be higher than 8 percent so the buyer might be willing to pay this opportunity cost, compared with paying higher car-loan finance fees. Overdraft Lack of sufficient funds in a checking account to cover the full amount of a check. A bank or credit union will charge an Overdraft Fee a service charge to cover expenses involved in returning a check and handling other procedures caused by an overdraft. Overdraft Protection Procedure agreed upon by an account holder and a bank in advance to transfer funds from a savings or credit account to a checking account to cover insufficient funds. Paycheck The paper form or check that is the amount of money a person has earned during a specific period after taxes and other deductions. Payroll Deduction* (also called Salary Deduction) An amount subtracted from a paycheck as the government requires or the employee requests. Mandatory deductions include various taxes. Voluntary deductions include loan payments or deposits into saving accounts. 11
12 Phishing An illegal search for credit information on the Internet by sending false e- mails to consumers and asking for or capturing financial information or codes. A growing problem that results in identity theft, financial loss, and damage to a person s credit score. Principal The amount of money borrowed or invested, not including fees, interest, or dividends. Example: A new car may cost $23,000 but if you make a down payment of $5,000 and get $3,000 credit for your old car, the principal of your car loan will be $15,000, the actual amount borrowed. Profit* The positive difference between total revenue from a business or investment, minus total expense. Prospectus* An official document that contains information required by the Securities & Exchange Commission to describe material facts concerning the issuer of a security or bond and the investment offered. Purchasing Power* A measurement of the relative value of money in terms of the quality and quantity of goods and services it can buy. Inflation decreases purchasing power; deflation increases it. Rate of Return (also called Yield) The amount earned as a return on an investment or deposit, expressed as a percentage of its cost. Example: If you earn $3 annual return on a $24 investment, divide $3 by $24 =.125 or a 12.5% rate of return. Receipt A written record that shows that a purchase has been made or a bill has been paid. Rent Regular payment by a tenant to a landholder (a landlord) for use of property. Repossession When the creditor takes back an item that has not been paid for according to a credit or other agreement. 12
13 Reverse Mortgage A mortgage that allows a homeowner to receive payments based on the current market value of a property. Example: The Johnsons home has a current market value of $200,000 and no mortgage. A reverse mortage would allow them to receive regular monthly payments against a portion of the market value. When the home is sold, the bank will be paid back the amount that the Johnsons received, plus bank charges as agreed upon in the reverse mortgage contract. Revolving Credit A credit agreement that makes credit available again after the payment for its use. Example: A $500 overdraft credit account will have $500 available after all the interest, fees, and outstanding principal is paid. Risk* Exposure to loss of investment capital due to a variety of causes such as business failure, stock market volatility, and interest rate changes. In business, the likelihood of loss or reduced profit. Risk Management* Procedures to minimize the adverse effect of a possible financial loss by: 1) identifying potential sources of loss; 2) measuring the financial consequences of a loss occurring; and 3) using controls to minimize actual losses or their financial consequences. Rule of 72* A quick way to calculate how long it will take to double a sum of money. Divide 72 by the expected interest rate to determine the number of years. Example: 72 divided by 8% = 9 years. Salary* Payment for work, usually calculated in periods of a week or longer. Salary is usually tied to the completion of specific duties over a minimum but not maximum number of hours. (See Wage.) Salary Deduction (also called Payroll Deduction) An amount subtracted from a paycheck as the government requires or the employee requests. Mandatory deductions include various taxes. Voluntary deductions include loan payments or deposits into saving accounts. Savings* The process of setting aside money until a future date instead of spending it today. The goal of saving is to provide funds for emergencies, short-term goals, and investments. Savings Accounts* Accounts at financial institutions that allow regular deposits and withdrawals. The minimum required deposit, fees charged, and interest rate paid varies among providers. 13
14 Savings Bond* A bond is a certificate representing a debt. A U.S. Savings Bond is a loan to the government. The government agrees to repay the amount borrowed, with interest, to the bondholder. Two types of savings bonds are Series EE and inflation-adjusted I bonds. Savings bonds are often purchased through payroll deduction or at financial institutions in denominations of $50 to $10,000. Savings & Loan Associations* (also called S&Ls) Financial institutions that provide loans and interest-bearing accounts. Accounts in federally chartered S&Ls are federally insured up to available limits. Simple Interest* Interest credited daily, monthly, quarterly, semiannually, or annually on principal only, not previously credited interest. Social Security* A federal government program of transfer payments for retirement, disability, or the loss of income from a parent or guardian. Funds come from a tax on income, a payroll deduction labeled FICA. Stocks A type of investment where investors hold shares of a corporation, which may rise or fall in value. Take-Home Pay (See Net Pay.) Tax* A government fee on business and individual income, activities, or products. Tax Credit* An amount that a taxpayer who meets certain criteria can subtract from tax owed. Examples include a credit for earned income below a certain limit and for qualified post-secondary school expenses. (See Tax Deduction, Tax Exemption.) Tax Deduction An expense that a taxpayer can subtract from taxable income. Examples include deductions for home mortgage interest and for charitable gifts. (See Tax Credit, Tax Exemption.) Tax-Deferred* Investments where taxes due on the amount invested and/or its earnings are postponed until funds are withdrawn, usually at retirement. Tax-Exempt (Tax Free)* Investments (Example: municipal bonds) whose earnings are free from tax liability. 14
15 Tax Exemption* An amount that a taxpayer who meets certain criteria can subtract from taxable income. Examples include exemptions for each dependent or for life insurance proceeds. (See Tax Credit, Tax Deduction.) Taxable Income* Income subject to tax; total income adjusted for deductions, exemptions, and credits. Term The period of time during which a loan must be paid or interest is accrued on an investment. Example: The term of an auto loan can be four or five years; the term of a Treasury bill can be one year. Time Value of Money* Comparison of a lump sum of money, or a series of equal payments, between two different time periods (Example: present and future), assuming a specified interest rate and time period. (Reference: The Time Value of Money by Clayton and Spivey.) Tip* An amount paid beyond what s required, usually to express satisfaction with service quality; also known as a gratuity. Transfer (See Money Wire.) Transfer Payments (See Government Transfer Payments.) Travelers Checks Documents that function as cash but can be replaced if lost or stolen. Travelers checks are often used when traveling to other countries. Unearned Income* Money received for which no exchange was made, such as a gift. Wage* Payment for work, usually as calculated in periods of an hour rather than longer. (See Salary.) Wants* Desires for economic goods or services, not necessarily accompanied by the power to satisfy them. Wealth* Accumulated assets such as money and/or possessions, often as a result of saving and investing. 15
16 Withdrawal Removal of money from a bank or credit union account. Yield (also called Rate of Return) The amount earned as a return on an investment, expressed as a percentage of its cost. Example: If you earn $3 annual return on a $24 investment, divide $3 by $24 =.125 or a 12.5% rate of return. These materials are intended for education purposes only. Any opinions expressed in these materials are not necessarily those of Citigroup and its affiliates. If legal, financial, tax, or other expert advice is required, the services of a qualified professional should be sought. 16
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Visa Account Rates, Fees and Terms INTEREST RATES AND INTEREST CHARGES Annual Percentage Rate (APR) for Purchases, Cash Advances, and Balance Transfers Visa Classic 8.9% to 17..9% Visa Platinum 8.4% to
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Jargon Buster A Z of financial terms This fact sheet explains some of the financial terms that you might come across when you are dealing with financial matters. ACCOUNT:- this is provided by a bank or
TWINSTAR CREDIT UNION PO BOX 718 OLYMPIA WA 98507-0718 (360) 357-9911 TwinStar Credit Union Visa Business Credit and Check Card Agreement THIS IS YOUR AGREEMENT WITH THE CREDIT UNION; PLEASE READ CAREFULLY.
Interest Cost of Money Test - MoneyPower Multiple Choice Identify the choice that best completes the statement or answers the question. 1. To determine the time value of depositing $100 in a savings account,
ISPFCU VISA PLATINUM PROGRAMS TERMS AND CONDITIONS The information about the costs of the card described is accurate as of November 2, 2012. ANNUAL PERCENTAGE RATE (APR) Other APRs Platinum Elite: Wall
1 Agenda 1. Assessing Your Situation A. 3 types of consumers B. Net Worth C. Net Cash Flow 2. Revolving Credit A. Credit vs. Charge vs. Debit Cards B. Tips on Revolving Credit C. Home Equity Line Credit
Chapter Objectives Chapter 6. Short Term Credit Management To evaluate reasons for and against using credit and decide whether or not credit is appropriate for you. To be able to take the necessary steps
Hands on Banking Using Credit to Your Advantage Credit Reports, Credit Scores and Dealing with Debt The Hands on Banking program is a free public service provided by Wells Fargo. You may also access the
YOUR MONEY, YOUR GOALS A financial empowerment toolkit for community volunteers Modules 8: Money services, cards, accounts, and loans Consumer Financial Protection Bureau April 2015 Table of contents MODULE
DuPont Community Credit Union MasterCard Platinum Credit Card Agreement Interest Rates and Interest Charges Annual Percentage Rate (APR) for Purchases 0.00% Introductory APR for 6 monthly statement periods
Classic The Partnership FCU MAILING ADDRESS For ALL correspondence, deposits & loan payments PO Box 18539 Washington DC 20036-8539 VISA Classic Credit Card Member Services & Loans Audio Response ADVANTAGE
A Glossary of Bank Terms Below you will find key words and definitions to help you better understand the terms used in the financial services industry. ABA American Bankers Association. Account Ownership
lesson twelve saving and investing overheads pay yourself first (a little can add up) example 1: Save this each week At % Interest In 10 years you ll have $7.00 5% $4,720 14.00 5% 9,440 21.00 5% 14,160
Credit Card Agreement for GM Card in Capital One, N.A. There are two parts to this Credit Card Agreement: Capital One Pricing Information and the Capital One Customer Agreement. The Pricing Information
LOAN APPLICATION (VISA SELECT AND VISA PLATINUM) Loan Type (e.g. vehicle, Visa, Agency Secured, etc.) Requested Loan Amount $ Variable Rate MARRIED APPLICANTS MAY APPLY FOR AN INDIVIDUAL ACCOUNT. Check
7 Accounting for and Presentation of Liabilities Liabilities are obligations of the entity or, as defined by the FASB, probable future sacrifices of economic benefits arising from present obligations of
CHIROPRACTIC FEDERAL CREDIT UNION VISA GOLD CREDIT CARD AGREEMENT AND DISCLOSURES Credit Limit: $ Interest Rates and Interest Charges Annual Percentage Rate 9.90% (APR) for Purchases APR for Balance Transfers
Investing Test - MoneyPower Multiple Choice Identify the choice that best completes the statement or answers the question. 1. A pharmacy is to drugs as the American Stock Exchange is to: a. Interest c.
This Addendum is incorporated into and becomes part of your LOANLINER Consumer Credit Card Agreement. Please keep this attached to your LOANLINER Consumer Credit Card Agreement. Interest Rates and Interest
A MESSAGE FROM THE CHAPTER 13 STAFF The Chapter 13 staff understands that making the decision to file bankruptcy was not easy. Some of the many factors which cause people to file bankruptcy include loss
I. The Most Common Questions Asked About Bankruptcy Filing Bankruptcy (Who, What, When, Where, Why and How) 1. What exactly is straight bankruptcy? Straight (or ordinary bankruptcy is a proceeding under
Money Management Test - MoneyPower Multiple Choice Identify the choice that best completes the statement or answers the question. 1. A person s debt ratio shows the relationship between debt and net worth.
Text of Adopted New 19 TAC Chapter 113. Texas Essential Knowledge and Skills for Social Studies Subchapter C. High School 113.49. Personal Financial Literacy (One-Half Credit), Adopted 2016. (a) (b) General
Week 1 Quiz - Banking (24pts) (Answers) 1. Money deposited into a 401k is not taxed; however it is taxed years later when it is withdrawn for retirement. So if the money is taxed either way, why do many
Teacher's Guide $ Lesson Six Banking Services 04/09 banking services websites Students will make wise choices about their banking services once they understand such fundamentals as: selecting and managing
MASTERCARD CONSUMER CREDIT CARD AGREEMENT In this Agreement, Agreement means this Consumer Credit Card Agreement. Disclosure means the Credit Card Account Opening Disclosure. The Account Opening Disclosure
The IBM 401(k) Plus Plan Invest today for what you hope to accomplish tomorrow The IBM 401(k) Plus Plan Dollar-for-dollar company match, automatic company contributions, broad range of investment options
Answers to Concepts in Review 1. An investment is any asset into which funds can be placed with the expectation of preserving or increasing value and earning a positive rate of return. An investment can
PNC POINTS VISA / PNC POINTS VISA SIGNATURE IMPORTANT INFORMATION ABOUT RATES AND FEES Interest Rates and Interest Charges Annual Percentage Rate (APR) for Purchases APR for Balance Transfers 0% introductory
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