Browsing Debt Glossary by T

"T" financial definition summary group of familiar terms you may have come across during the organization of family finances or while reading this directory, with description specifics by way of a single term link click.

  • Tariff – A tariff is a tax on goods levied at the time of importation. Most tariffs are imposed at the national level though…
  • Tax – Tax is a financial levy imposed by a government; they are financial burdens placed upon individuals or property…
  • Tax Liability – At the end of each year you go through several painful hours of calculating how much tax you owe…
  • Taxable Estate – The taxable estate is that portion of a deceased individual’s whole estate that is subject to taxation…
  • Taxable Income – Taxable income is a portion of total income, and is that amount subject to taxation. In the US…
  • Teaser Rate – A so-called "teaser rate" is a highly-advertised interest rate for some initial period of an adjustable…
  • Tenancy in Common – When two or more people own property together they either have joint tenancy or tenancy in…
  • Term Certain Annuity – An insurance product that pays a specified amount each payment period for a fixed number…
  • Third-party Mortgage Originator – In one sense, a third-party mortgage originator is nothing more than a mortgage…
  • Thrift Savings Plan (TSP) – The Thrift Savings Plan is somewhat similar to a 401(k) plan in broad detail, except that…
  • Tithe -In general use, a tithe means to pay a voluntary contribution in support of a Jewish or Christian religion…
  • Title Loan (i.e. Car Title Loan) – A title loan is a usually small, short-term loan obtained from a financial institution by…
  • Total Debt Service Ratio (TDS) – A total debt service ratio is simply a mathematical formula used by some lenders to…
  • Total Housing Expense – Total housing expense is simply a quick method used by some lenders to assess a…
  • Traditional IRA – A traditional IRA, or individual retirement account, is a financial instrument that allows individuals to…
  • Traditional Whole Life Policy – A traditional whole life policy is an insurance product providing insurance coverage…
  • Traveler’s Checks – A traveler’s check is a financial instrument that can be used in place of cash. They were…
  • Treasury Bills (T-bills) – Treasury bills are treasury securities issued by the US Department of the Treasury through…
  • Treasury Notes (T-notes) – Treasury notes are treasury securities issued by the US Department of the Treasury…
  • Two-step Mortgage – A two-step mortgage is a mortgage with two fixed interest rates existing at defined points in…