Financial Terminology
What is an Annuity Contract Owner?
What is an annuity contract owner - definition and explanation of the annuity contract owner's rights and obligations.
What is an Annuitant?
What is an annuitant - definition and basics.
What is a Mortgage?
Mortgage definition, synonyms and legal terms.
What is Short Sale?
Short Sale definition.
What is an Underwriting Fee?
Underwriting Fee definition.
What is Prepaid Interest?
Prepaid Interest definition.
What are Discount Points?
Discount Points definition.
What is an Origination Fee?
Origination Fee definition.
What is an Assumable Mortgage?
Assumable Mortgage definition.
What is an Appraisal Fee?
Appraisal Fee definition.
What is a Share Savings Account?
Share Savings Account definition.
What is Prepayment Penalty?
Prepayment Penalty definition.
What is Microlending?
Microlending definition.
What is Negative Amortization?
Negative Amortization (Neg Am) definition. Find out what a negative amortization loan is, how it works and how it can be used.
What is Amortization?
Amortization definition. Find out how loan amortization works and what is an amortization schedule.
What is Refinance?
Refinance and Cash out Refinance definition.
What is a Variable Interest Rate?
Variable Interest Rate definition.
What is Universal Default?
Universal Default clause definition.
What is a Revolving Credit?
Revolving Credit definition.
What is a Periodic Rate?
Periodic Rate definition.
What is an Over-the-Limit Fee?
Over-the-Limit Fee definition.
What is a Nonrevolving Credit?
Nonrevolving Credit definition.
What is a Minimum Payment?
Minimum Payment definition.
What is a Late Fee?
Late Fee definition.
What is an Introductory Rate?
Introductory Rate definition.
What is a Grace Period?
Credit card grace period and loan grace period definitions.
What is Finance Charge?
Finance Charge definition.
What is Credit Utilization?
Credit Utilization definition.
What is a Credit Score?
Credit Score definition.
What is a Credit Report?
Credit Report definition.
What is Credit Limit?
Credit Limit definition.
What is a Credit Inquiry?
Credit Inquiry definition.
What is a Credit Bureau?
Credit Bureau definition.
What is Cash Advance?
Cash Advance definition.
What is a Billing Cycle?
Billing Cycle definition.
What is Balance Transfer?
Balance Transfer definition.
What is Average Daily Balance?
Average Daily Balance definition.
What is Annual Percentage Rate (APR)?
Annual Percentage Rate (APR) definition.
Credit Card Basic Terms
In order to be able to make a smart comparison shopping for credit cards you need to be familiar with several important credit card terms.