What are they talking about?
Posted by visionary on March 14th, 2008
Are some of these words a little too overwhelming…here is our guide to understanding complex words:
DEFINITIONS:
CD ? (certificate of deposit) a certificate issued by a bank to a person
depositing money for a specified length of time
Checking account ? an account at a bank against which checks can be drawn by the
account depositor
Credit ? the ability of a customer to obtain goods or services before payment, based on
the trust that payment will be made in the future
Credit score? a number assigned to a person that indicated to lenders their capacity to
repay a loan
Debit card ? a card issued by a bank allowing a holder to transfer money
electronically to another bank account when making a purchase
Interest ? money paid regular at a particular rate for the use of money lent or for
delaying the repayment of debt
Savings Account ? a bank account that earns interest
March 14th, 2008 at 8:54 pm
[...] Read the rest of this great post here [...]
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