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Financial Literacy in the News

Glossary of Terms

This is a way that you can pay the premium for your insurance policy in small installments - usually monthly - rather than having to pay a lump sum every six months or once a year. It can...
The full name is MasterCard International - an organization that licenses financial institutions to issue credit cards that display the MasterCard logo and provides merchant...
Under the Fair Labor Standards Act, the federal government requires that workers are paid at least the minimum wage, calculated on an hourly basis. Since July 24, 2009...
A dwelling policy is an insurance policy that property owners can buy that typically protects only the structure of the dwelling itself. Some coverage for the contents of the dwelling...
You can buy a CD ( certificate of deposit) for a period of as short as a few months or as long as several years. The end of the period is known as the maturity date of the CD, and is the date on which you can withdraw...
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