MoneyU Glossary of Terms
MoneyU Glossary of Terms
Browse the glossary using this index
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Advance Fee LoanA loan calculated so that all finance charges and other creditor expenses are deducted before the consumer receives the principal. |
AdvertisingAn announcementÔÇöusually paidÔÇöof a productÔÇÖs or serviceÔÇÖs benefits that is intended to encourage its purchase. |
Affinity Credit CardA credit card which is sponsored by two or more organizations. For example, the Citi AAdvantage card is sponsored by Citibank and American Airlines. |
Age RequirementTo qualify for credit you must be at least 18 years old or have a parent or guardian as a co-signer. |
AmortizationTo reduce a debt by making payments against the principal balance in installments or regular transfers. |
Ancillary ProbateAdministration of property that the deceased owned in a different state than the one in which the estate is being administered. |
Annual FeeSome credit card companies charge an annual fee; it is the yearly cost you pay to use the card. |
Annual Percentage Rate (APR)The APR measures the cost of credit expressed as a yearly interest rate. |
AnnuityA series of equal periodic payments, such as the interest on a bond. |
ApplicationA form used to apply for credit |