Browsing Debt Glossary by A

"A" sorted definition summaries of commonly heard financial terms you might have come across during your personal finance administration or navigating this directory, with an extended meaning via an individual term link click.

  • Ability to Pay – The phrase "ability to pay" is a financial term of art indicating a borrower’s financial…
  • Account Balance – The account balance is simply the amount of credit or debt existing in a given account on…
  • Accountant – An accountant is a person who is skilled in the practice of accounting or who is in charge of a…
  • Accrued Interest – The accrued interest is the amount of interest which has built up, over time, on an…
  • Accumulation – The process of building up a large store by regular small deposits. For example, an employee…
  • Acquisition – The process of obtaining something. Acquisition can be thought of on a personal level as…
  • Actuary – A person skilled in the process of calculating insurance and annuity premiums, dividends, and…
  • Adjustable Rate Mortgages (ARM) – An adjustable rate mortgage, or ARM, is a type of mortgage where the…
  • Adjusted Annual Income – A person’s adjusted annual income is their actual annual income artificially…
  • Adjusted Gross Income (AGI) – Your adjusted gross income is calculated during federal income tax filing and…
  • Allocation – An allocation is simply an arranged distribution of funds among several possible choices…
  • Alt-A Mortgage – An Alt-A mortgage is a type of mortgage that is considered to be a higher risk loan than a…
  • Amended Return – An amended return is a tax return document that is filed to amend, or alter, a previous tax…
  • Amortization – Amortization is the process of paying down a debt through scheduled, periodic payments. It…
  • Annual Income – Income is simply wealth that is generated in exchange for work or through investing capital…
  • Annual Percentage Rate (APR) – The Annual Percentage Rate, or APR, is the annualized rate charged for a loan…
  • Annuity – In the most basic sense, an annuity is a sum of money paid at a scheduled interval. It is most…
  • Appraisal – An appraisal is a valuation of an object by someone well-qualified or authorized to make such an…
  • Assessed Value – The assessed value is the value placed upon an object for the purposes of taxation; it is…
  • Asset – An asset is any item of economic value owned by an individual or company. If an asset can be…
  • Asset Allocation – Asset allocation is the process of dividing funds among different types of investments…
  • Asset Rich and Cash Poor – An individual is described as "asset-rich and cash poor" when they own considerable…
  • Assumable Mortgage – An assumable mortgage can be transferred to another person with no change in terms…
  • Auto Loan – An automobile loan is a loan obtained from a financial institution for the purpose of…
  • Automated Loan Machine (ALM) – An automated loan machine, or ALM, is a type of kiosk that allows credit-worthy…
  • Automated Teller Machine (ATM) – An automated teller machine, or ATM, is a type of kiosk that allows bank…
  • Automobile Lease – An automobile lease is a method used to obtain the use of an automobile without purchasing…
  • Available Balance – The available balance on a credit card is the difference between the maximum credit…