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Financial Literacy in the News

Glossary of Terms

Purchasing a certificate of deposit, usually known as a CD for short, is a means of investing. To buy a CD, you give a financial institution - such as a...
Tax deductions are important for anyone who pays tax. Under the tax code, tax deductions allow you to lower the amount of your taxable income by the...
An inspection report is a necessary part of the home-buying process: a lender will not lend you money for a mortgage to buy a house that's about to collapse. Lenders usually require that you get...
When you buy and sell property, the deed is the written document passed from the seller to the buyer; it is evidence of the transfer of the property title to the new owner. The deed should contain the names of the old and new owners and...
In the workplace, overtime is time worked that is over and above the normal hours worked during a work week, and typically attracts a higher hourly rate of pay than that earned during the standard work week. The Fair Labor...