Browsing Debt Glossary by B

"B" grouped definition summaries of familiar financial terms you might have come across while managing your family finances or navigating the directory, with an expanded clarification by means of an individual term link click.

  • Bad Credit – "Bad" credit is a relative term used to describe a person with a poor credit history…
  • Bad Credit Debt Consolidation – Individuals with bad credit are often also in debt and struggling to pay off…
  • Balance – The balance of an account is nothing more than the "bottom line" amount of money in the…
  • Banknote – A banknote is a somewhat antiquated term referring to any promissory note issued by a bank and…
  • Bankruptcy – Bankruptcy is the process whereby an individual or a corporation legally is declared to be unable to…
  • Bankruptcy Chapter 7 – Chapter 7 Bankruptcy is named after "chapter 7" of "title 11" of the US Code, colloquially…
  • Bankruptcy Chapter 10 – Chapter 10 is named after "chapter 10" of "title 11" of the US Code, colloquially known…
  • Bankruptcy Chapter 11 – Chapter 11 is named after "chapter 11" of "title 11" of the US Code, colloquially known as…
  • Bankruptcy Chapter 12 – Chapter 12 is named after "chapter 12" of "title 11" of the US Code, colloquially known as…
  • Bankruptcy Chapter 13 – Chapter 13 Bankruptcy is named after "chapter 13" of "title 11" of the US Code, colloquially…
  • Barter – Barter is a type of exchange or trade where goods or services are directly exchanged for other goods…
  • Bequest – A bequest is the act of giving personal property by a will. For example, when your hypothetical rich Aunt…
  • Bill – A bill is nothing more than a document requesting payment for goods or services rendered. For example…
  • Blue Book – Book value is a colloquial term used to indicate a generally accepted market price of property…
  • Blue Collar – phrase "blue collar" is a colloquial term indicating a particular type of work or worker who performs…
  • Bonds – A bond is a debt security authorized by the issuer and held by the purchaser; the issuer is obliged…
  • Book Value – Book value is a colloquial term used to indicate a generally accepted market price of property. The…
  • Bounced Check – The colloquial term "bounced check" refers to a non-sufficient funds, or NSF, check.…
  • Breadwinner – A "breadwinner" is a person providing all or most of a household"s income. For example, in…
  • Budget – In the world of personal finances, a budget is simply a list of planned expenses and revenues. The…
  • Budgeting – In personal finances, budgeting is the process of matching income to expenses. The goal of a…
  • Buydown – A buydown is a mortgage financing technique which allows the buyer to obtain a lower interest rate…