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Financial Literacy in the News

Glossary of Terms

If you are looking to buy a house or a condominium and see one you like, to make a serious offer you will usually have to produce a sum of money (maybe as much as 5 ...
When you rent an apartment, you rent it from the landlord, who is usually the owner. Sometimes you might negotiate with a property management...
In the workplace, flex-time is a work schedule with flexible starting and finishing times that enable employees to work hours that do not conform to the standard 8:00 a.m. to 5:00 p.m. range. Flex-time is not a reduction in hours worked, but a different time schedule for...
This index measures the price of a fixed "basket" of goods that are typically bought by an average individual - a consumer. It includes things such as food, transportation, housing, health care, and entertainment. It's produced by the...
When calculating federal income tax, each tax bracket has a basic tax rate assigned to it. For example, for most unmarried individual taxpayers in the 2011 tax year, the federal...
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