14 Financial Terms Everyone Should Know
Financial terms can be confusing, but don’t let them stop you from investing your hard-earned money, or stop you from refinancing your home. We have compiled a list of the most common financial terms, and made them easier to understand.
Allocation- the process of dividing expenses and incomes across various departments or branches of a business.
Disinflation- when the rate of inflation begins to slow
Fixed Assets- a long-term asset such as a building, furniture, or vehicles
Home Equity Line of Credit- a line of credit that is the maximum amount a customer can borrow, and they can use their home equity as collateral.
Home Equity Loan- when a borrow uses their home equity as collateral for a loan
Keogh Plan- a defined-benefit or defined-contribution retirement plan for self-employed individuals or unincorporated businesses.
Mortgage Discount Points- this is considered a type of pre-paid interest. A lender will charge the borrower points to increase the loan above the amount of the given interest rate.
Mutual Fund- a collection of funds from several investors with the purpose of being invested into stocks, bonds or other assets.
Prime Rate- the interest rate given by banks to large corporations and is largely determined by the federal funds rate.
Return on Investment- profit made from an investment before taxes are taken out
Required Minimum Distribution- the federally mandated minimum required amount that must be given to a retirement account to an IRA holder
Share- a divided value of a company given a monetary unit
Stock- another term for a share or equity
Sunk Costs- a cost that has already been incurred and cannot be regained. Sunk costs usually help a company or individual determine how to proceed financially.
More Articles
How Do You Stick to a New Year's Resolution?
Wondering how do you stick to a New Year’s resolution? Here are some tips and tricks to making those New Year’s goals become realities in 2025.
Read More >How to Boost Your Income With a Side Hustle
Need to make a little extra cash or cover unexpected expenses? Learn more about how to boost your income with a side hustle, whether gig work or something more creative.
Read More >How to Prepare and Navigate Amazon Prime Big Deal Days
Amazon Prime deal days can give you the chance to save tons of cash while grabbing items on your wishlist. Here’s how to prepare and navigate Amazon Prime Big Deal days.
Read More >
Loan Amount is subject to loan approval. Loan terms and availability may vary by location. Approval rate based on complete applications received across all Cash Store locations. Customers can typically expect to receive loan proceeds in less than 20 minutes; however, processing times may vary. Loans / Advances are provided based on approved credit. Each applicant for credit is evaluated for creditworthiness.
Please see the Licenses and Rates page for additional product details.
Cash Store offers consumer credit products that are generally short-term in nature and not intended for long-term borrowing needs.
In Texas, Cash Store is a Credit Services Organization. Loans are provided by a non-affiliated third-party lender. Please see the Licenses and Rates page for links to Consumer Disclosures and choose the one for the product and amount that most closely relates to your loan request.
Customer Portal residency restrictions apply. Availability of funds may vary by financial institution.
