The Debt Consolidation Loan Directory has a large list of definitions for words and phrases that you may hear from time to time when managing your personal finances. In order to properly maintain your finances, it is best to learn as much as you possibly can. This section provides, not only definitions, but also links to other personal finance resources.
Debt Consolidation Loan Directory - Glossary of Debt Consolidation and Personal Finance Terms (Main Index)
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Simply click on a word or phrase to view the rest of its definition, related information and also for links to debt consolidation and financial services providers:
- Ability to Pay: The phrase "ability to pay" is a financial term indicating ---
- Account Balance: The account balance is simply the amount of credit or debt ---
- Accountant: An accountant is a person who is skilled in the practice ---
- Accrued Interest: The accrued interest is the amount of interest which has built ---
- Accumulation: The process of building up a large store by regular small ---
- Acquisition: The process of obtaining something. Acquisition can be thought of ---
- Actuary: A person skilled in the process of calculating insurance and annuity ---
- Adjusted Gross Income (AGI): Your adjusted gross income is calculated during federal ---
- Adjustable Rate Mortgages: An adjustable rate mortgage, or ARM, is a type of ---
- Allocation: An allocation is simply an arranged distribution of funds among ---
- Automated Loan Machine (ALM): An automated loan machine, or ALM, is a type of kiosk ---
- Alt-A Mortgage: An Alt-A mortgage is a type of home loan that is considered to be a higher risk ---
- Amended Return: An amended return is a tax return document that is filed to ---
- Amortization: Amortization is the process of paying down a debt through ---
- Annual Income: Annual income is simply wealth that is generated in exchange ---
- Annual Income - Adjusted: A person's adjusted annual income is their actual ---
- Annuity: In the most basic sense, an annuity is a sum of money paid ---
- Appraisal: An appraisal is a valuation of an object by someone well-qualified ---
- Annual Percentage Rate (APR): The Annual Percentage Rate, or APR, is the annualized rate ---
- Assessed Value: The assessed value is the value placed upon an object ---
- Asset: An asset is any item of economic value owned by an ---
- Asset Allocation: Asset allocation is the process of dividing funds among ---
- Asset Rich - Cash Poor: An individual is described as "asset-rich and cash poor" when ---
- Assumable Mortgage: An assumable mortgage can be transferred to another ---
- Automated Teller Machine (ATM): An automated teller machine, or ATM, is a type ---
- Auto Loan: An automobile loan is a loan obtained from a financial institution for ---
- Automobile Lease: An automobile lease is a method used to obtain the use ---
- Available Balance: The available balance on a credit card is the difference ---
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