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Financial Literacy in the News

Glossary of Terms

A charge card is similar to a credit card in the way it can be used to pay for a wide range of goods and services; however, when you receive the monthly statement showing how much you owe...
When you want to buy something but can't afford to pay for it all at once, you will probably need to get a loan. The lender will often require that, as a condition of the loan, you contribute some...
The marriage penalty is not an official tax term but a shorthand way of describing how a single man and a single woman might pay more tax if they get married to each other than if they remain single.
A share is a portion of a public company that you can own, and if you do, you are a shareholder. Ownership of public companies is divided...
This one-page form is the simplest federal tax form you can use to file your taxes. This is the form you can generally use (for 2010 tax...
When you buy or sell shares, you have to use a stockbroker. You can choose between a full-service stockbroker or a discount...