Browsing Debt Glossary by C

"C" sorted definition abstracts of common financial expressions you may have come by while managing your personal finances or navigating the directory, with an expanded explanation via clicking the terms link.

  • Cash – Cash usually refers to money in the form of currency and coins. Thus, in personal finances, having…
  • Cash Flow – A person’s cash flow is simply a measure of the amount of money being earned and spent during…
  • Cash Out (i.e. Cash Out Refinancing) – Cash out refinancing allows a person to exchange real estate equity for cash…
  • Cash Surrender Value – An item’s cash surrender value is the amount of money it is worth if it is voluntarily…
  • Cash to Walk (i.e. Voluntary Foreclosure) – Foreclosing on delinquent mortgages and evicting non-paying tenants…
  • Cashier’s Check – A cashier’s check is a type of check issued and guaranteed by a bank. Prior to issuing the…
  • Cease and Desist Order – A cease and desist order, often referred to as a "C and D", is a legal ruling imposed…
  • Certificate of Deposit (CD) – A certificate of deposit, usually called a CD, is a time deposit offered to consumers …
  • Certified Funds – Certified funds are a form of payment that is certified, or guaranteed. Some financial transactions…
  • Charge Card – A charge card is similar to a credit card except that the full balance of a charge card must be paid…
  • Charge Off & Write Off – The terms charge off and write off have several possible meanings, depending upon the…
  • Charitable Donation – A charitable donation is any contribution of money, time, or property to a charitable cause…
  • Check – A check is a promissory note for payment. A check instructs a bank to pay a specific amount of money…
  • Check Kiting – Check kiting is a fraudulent activity used by criminals to obtain interest-free, short-term…
  • Check Truncation – Check truncation is a special handling method for checks authorized by congress and used…
  • Checking Account – A checking account, sometimes called a transactional account, current account, or demand…
  • Closed-End Credit – Closed-end credit is simply the opposite of revolving credit. In a closed-end credit…
  • Closing Statement – The closing statement is a document describing a real estate transaction including…
  • C-note – "C-note" is a slang word for a one hundred dollar bill or, more generally, for one hundred dollars. For…
  • Co-borrower – A loan issued to two or more individuals will list the additional individuals as co-borrowers…
  • COBRA – COBRA is the commonly-used acronym for the Consolidated Omnibus Budget Reconciliation Act of 1985…
  • Collateral – Collateral is an asset offered as security against a loan. If the loan is not repaid, the collateral asset…
  • Collection Agency – A collection agency is a business that specializes in collecting payments on debts. Many…
  • Commerce – Commerce is nothing more than the process of exchanging goods and services. Two or more…
  • Commodity – A Commodity is an object that functions in an economy. Examples of commodities are wheat, rice…
  • Community Property – Community property is a legal concept embodied in some state laws. Community property…
  • Compound – In personal finance, to compound means to repeatedly calculate balance or balance due information…
  • Compound Interest – Compound interest denotes a calculation methodology which uses a defined time period…
  • Conservative Spending & Investing – Conservative spending is a financial ideology which emphasizes fiscal…
  • Conservatorship – A conservatorship is a legal arrangement wherein a court has determined an individual to be…
  • Consolidate – To consolidate objects simply means to gather them together into a more manageable arrangement…
  • Consolidate Credit Card Debt – Most American families have multiple credit cards, including a few VISA or…
  • Consolidate Debt – My mom is an avid seamstress and she has several hundred bobbins of thread; she’s careful to…
  • Consolidation Loan – A consolidation loan is a loan obtained in order to pay off several smaller debts. For example…
  • Consumables – Consumables are assets that are used up at a constant rate. For example, toilet paper, gasoline…
  • Consumer Credit – Consumer credit is credit extended to individuals with the general intent that it be used to…
  • Consumer Debt – Consumer debt is debt acquired through consumption rather than investment. That is, consumer…
  • Consumer Debt Consolidation – Individuals often accumulate debt in small increments. After a few years, a dizzying…
  • Contract – A contract is a legally-binding promise between two parties. Should one party violate the terms of the…
  • Contractual Obligation – All contracts are an agreement between two parties to perform some action; these…
  • Conventional Mortgage – A conventional mortgage is a type of mortgage that meets the funding criteria of Fannie…
  • Co-pay – Most modern health insurance policies require that covered individuals make a small payment at the time…
  • Cosign – If your twenty-something son applies for a big automobile loan, the mean-spirited and fun-hating loan…
  • Cost of Living – The "cost of living" is an abstract term that describes the amount of money that a typical person…
  • Counterfeit – A counterfeit item is a fake that is designed to mimic the real item. Who hasn’t dreamed of printing up…
  • CPA – CPA is short for "Certified Public Accountant"; see Accountant.…
  • Credit – Credit has several complicated meanings in the financial world, but for us average people it almost always…
  • Credit Card – A credit card is a small plastic card issued to individuals to access a flexible loan scheme which is…
  • Credit Card Consolidation – Whether you read them or not, if you are like most Americans you receive several offers…
  • Credit Card Settlement – Credit card settlement is an approach to debt reduction which is also known as account…
  • Credit Counseling – Credit counseling, also known as debt counseling, is a process of educating consumers to…
  • Credit History – A person’s credit history is nothing more than a compiled report showing how they have repaid their…
  • Credit Limit – Virtually all credit accounts have a credit limit, or a maximum amount of credit which will be extended…
  • Credit Rating – A person’s credit rating is simply a number that represents their credit worthiness—just like a report…
  • Credit Report – Remember when you were in high school and the irritating school office thoughtfully mailed your…
  • Credit Reporting Bureau – Remember how mom always said that Santa Claus knew everything? And you wondered…
  • Credit Score – Remember back in school when you had easy classes and hard classes? How in the easy classes…
  • Credit Worthiness – Credit worthiness is an abstract concept that encapsulates how likely a person is to pay back a…
  • Creditor – A creditor is usually a corporation, bank, or credit union to whom a debt is owed. Creditors often issue…
  • Cumulative Interest – When you place money into a savings account, the money you actually deposit is called the…
  • Currency – Currency is any form of money that is universally accepted, such as paper cash or coins. Currency is the…
  • Custodial Account – A custodial account is any account that is created to benefit one person, but that is managed by…
  • Cyber-banking (i.e. Computer Banking, Internet Banking, Electronic Banking) – Cyber-banking is a generic term…
  • Cybercash (i.e. Electronic Money) – Cybercash is a generic term that became popular in the late 1990s; it…