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Financial Literacy in the News

Glossary of Terms

These are damages that are usually awarded in addition to actual damages. Punitive and exemplary damages are imposed as a kind of punishment ("punitive") to the wrongdoer to make an example...
When a lender makes a loan - usually an unsecured loan but also a secured loan - it will typically ask the...
Instead of borrowing money to buy a car and having to make a down payment and then all the payments until you have paid off the loan, when you lease a car you don't actually own it but rent it...
Also known as a spraying trust, this type of trust is designed so that the trustee can distribute the income or principal from the trust wherever the trustee...
Usually expressed as a percentage, this ratio compares an individual's gross monthly income with the amount that individual must...
This is a financial newspaper published every weekday that is devoted almost entirely to business and financial news. There are many other financial publications, but the Wall Street Journal - or the Journal, as it's often referred to - has carved out for itself a position...
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