Your Money. Your Choices. Your Future.

Personal Finance Blogs

Feedback

Feedback

Financial Literacy in the News

Glossary of Terms

Individuals who want to transfer property to their grandchildren or even later generations - by "skipping over" their own children - are typically confronted with a tax known as the generation-skipping transfer tax (GST). This can be a...
This is a banking term. In general it means the maximum amount of money the bank is willing to lend you in a year, or other time period. It is usually an informal agreement - meaning the bank isn't bound to honor it - and because of this...
FICA is the federal government act that provides for the imposition of two payroll taxes upon employees: Social Security tax,...
This is the formal word that means the lender in a mortgage contract. An easy way to remember it is that mortgagee has two e's and so does lender. See also ...
The person in the middle of a financial transaction between the person selling and the person buying is the middleman. The middleman brings the buyer and seller together, and tries to make sure everything goes as smoothly as possible. For doing this the middleman takes...
A REIT is an investment vehicle similar to a mutual fund. But instead of investing in many different kinds of securities, real...
1
2
3
4
5
6
7