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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...
Most people will encounter this term when they lease a car. It is the predetermined value that has been put on the car by the lessor, and is therefore the amount of money the...
A borrower is someone or some company that borrows money from a lender, in the form of a loan. The borrower pays for the loan with...
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...
This means the total number of shares that a public company has issued. It is the total number of shares available to be bought and sold. A company's...
Because insurance is regulated separately by each state, each state has a department of insurance that administers insurance in that state. As a practical matter, if you feel you have been badly treated by either an...
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