MoneyU Glossary of Terms

MoneyU Glossary of Terms

Browse the glossary using this index

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Identity theft

The crime of using another personÔÇÖs name, credit or debit card number, Social Security number, or another piece of personal information to commit fraud.


A person's total earnings from employment, investments and dividends.

Income Sources

All of the places from which you receive income. This can include a summer or part-time job, your parents, scholarships, grants, student loans, and trust funds.

Income Tax

An annual tax that the Federal government, most states, and some local governments charge on all the money a person or company earns in an entire year.

Individual Retirement Account (IRA)

A deposit or investment account that provides tax benefits to help accumulate funds for retirement.


An upward trend in prices; the opposite of deflation.

Information processing

Analyzing and organizing information for decision making.

Installment Credit

A credit agreement that allows you to repay credit in regular payments over a specified time.

Installment Loan

A loan that you promise to pay back by paying the same amount of money on a regular basis, usually monthly, for a specific amount of time. Student loans, home equity loans and auto loans are usually installment loans.


A risk management tool that protects an individual from specific financial losses under specific terms and premium payments, as described in a written policy document. Major types include:

Insured Deposit Account

An account at a bank or credit union that is insured against loss of up to $100,000.


A charge for borrowed money, generally a percentage of the amount owed.

Interest Bearing Account

Accounts which gain interest on the money in the account.

Interest income

Money that financial institutions, governments, or corporations pay for the use of investorsÔÇÖ money.

Interest Rate

The rate that a bank or credit issuer charges for the money it lends to you.


Dying without a will that disposes of the estate. Partial intestacy is when a person disposes of less than all of the estate by a will.

Intestate Succession

The disposition of an estate in accordance with the laws of descent and distribution.


Purchasing securities such as stocks, bonds, and mutual funds with the goal of increasing wealth over time, but with the risk of loss.


An abbreviation for a promissory note meaning ÔÇ£I owe you.ÔÇØ

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