MoneyU

The person who receives the benefits or gifts from an estate, insurance policy, IRA, pension plan, or trust.

The time between your last bill and your current bill; usually 28 to 31 days.

A monthly bill from your credit card issuer which describes and summarizes the activity on your account including the outstanding balance, purchases, payments, credits, finance charges and other transactions for the month.

A certificate representing the purchaserÔÇÖs agreement to lend a business or government money on the promise that the debt will be paid ÔÇö with interest ÔÇö at a specific time. An investment security for which a government or corporation promises to pay an amount at maturity (usually more than five years in the future), with interest, in return for the current investment. A bond is a tradable security. The minimum investment in most bonds is $1,000.

The person who signs and agrees to the terms of a promissory note and is responsible for repaying the loan.

The bottom line is your monthly income less expenses.

An account at a securities firm that can be used to buy, hold, and sell equities and fixed-income investments. Brokerage accounts are not insured against loss of your investment.

The financial record you use to keep track of the money you earn, how much you spend and what you spend it on. Your budget also includes savings and how much you pay to your creditors.