Your Money. Your Choices. Your Future. | Personal Finance @ Duke

Your Money. Your Choices. Your Future.

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Financial Literacy in the News

Glossary of Terms

In finance, an option is the right to buy or sell an asset (usually stocks, but not always) at a certain price before a certain date. The right to buy is known as a...
A payday loan is a quick way to borrow a relatively small amount of money. This is how the process typically works. To get a payday loan, you must have a job that gives you a regular paycheck. If you need money before your next payday...
This is similar to a 401(k) plan, but it is intended for people who work at nonprofit organizations such as public schools, colleges, churches, hospitals, or charities.
There are many bad financial things that can happen to you, such as having an overdraft or defaulting on a loan, but bankruptcy is probably the worst. To...
A loan is money lent by a lender to a borrower. The lender will almost certainly charge interest on the loan, which means the borrower has to pay back the...