6.14.0: Key Terms

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    From LibreTexts, under CC BY 4.0, as the source states it; its equations are written in TeX, which the PDF shows typeset. This page at LibreTexts.

    6.1 Understanding Percent

    • Percent
    • Fractional form
    • Decimal form
    • Total
    • Base
    • Percent of the total
    • Part
    • Amount

    6.2 Discounts, Markups, and Sales Tax

    • Discount
    • Cost
    • Markup
    • Retail price

    6.3 Simple Interest

    • Interest
    • Principal
    • Annual percentage rate
    • Simple interest
    • Term
    • Due
    • Origination date
    • Payoff amount
    • Future value
    • Partial payment
    • Present value

    6.4 Compound Interest

    • Compound interest
    • Effective annual yield

    6.5 Making a Personal Budget

    • Budget
    • Necessary expenses
    • Fixed expenses
    • Variable expenses
    • 50-30-20 budget philosophy

    6.6 Methods of Savings

    • Savings account
    • 1099 form
    • Certificate of deposit
    • Money market account
    • Return on investment
    • Ordinary annuity

    6.7 Investments

    • Bonds
    • Maturity date
    • Stocks
    • Dividend
    • Mutual fund
    • Prospectus
    • Issue price
    • Shares
    • Stock table
    • Individual retirement account
    • Roth IRA
    • 401(k)

    6.8 The Basics of Loans

    • Fixed interest rate
    • Variable interest rate
    • Installment loan
    • Loan amortization
    • Revolving credit
    • Amortization table
    • Cost of finance

    6.9 Understanding Student Loans

    • FAFSA
    • College funding gap
    • Subsidized loan
    • Unsubsidized loan
    • Parent loan for undergraduate students
    • Private student loan
    • School-channel loan
    • Direct-to-consumer loan
    • Standard repayment plan
    • Federal consolidation
    • Refinancing
    • Private consolidation
    • Graduated repayment plan
    • Extended repayment plan
    • Discretionary income
    • Pay as you earn (PAYE) repayment plan
    • Revised pay as you earn (REPAYE) repayment plan
    • Income-based (IBR) repayment plan
    • Income-contingent (ICR) repayment plan
    • Delinquent
    • Default
    • Rehabilitation

    6.10 Credit Cards

    • Reward program
    • Annual fee
    • Credit limit
    • Bank-issued credit card
    • Store-issued credit card
    • Travel and entertainment cards
    • Charge cards
    • Billing period
    • Balance
    • Minimum payment
    • Average daily balance

    6.11 Buying or Leasing a Car

    • Title and registration fees
    • Destination fee
    • Documentation fee
    • Dealer preparation fee
    • Extended warranty
    • Down payment
    • Acquisition fee
    • Security deposit
    • Disposition fees
    • Liability insurance
    • Collision insurance
    • Comprehensive insurance
    • Uninsured or underinsured motorist insurance
    • Medical payment insurance
    • Personal injury insurance
    • Gap insurance
    • Rental reimbursement insurance

    6.12 Renting and Homeownership

    • Lease
    • Landlord
    • Mortgage
    • Escrow account
    • Assessed value

    6.13 Income Tax

    • Gross income
    • Adjusted gross income
    • Exemption
    • Taxable income
    • Deduction
    • Tax credit
    • Earned income credit
    • American opportunity credit
    • Lifetime learning credit
    • Child tax credit
    • Child and dependent care tax credit
    • Premium tax credit

    This page titled 6.14.0: Key Terms was last modified on Thu, 02 Jan 2025 09:27:33 GMT and is shared under a CC BY 4.0 license and was authored, remixed, and/or curated by OpenStax via source content that was edited to the style and standards of the LibreTexts platform.