Interest rates refer to the amount a lender charges a borrower in return for the privilege of borrowing money. This...

Loans refer to when one party gives money to another on the condition that it be paid back, typically with...

A 401(k) is a retirement savings account offered by for-profit employers to help their employees save for retirement. A 401(k)...

A line of credit is an amount of money that a lender offers to let you use when you need...

The periodic interest rate means the interest rate over a specific period of time. The period rate helps you figure...

A rollover IRA refers to an individual retirement account that is set up to accept a transfer of money from...

A Roth individual retirement account is a special type of IRA that offers after-tax savings, rather than pretax savings like...

A short refinance is when your mortgage lender agrees to accept less money than you currently owe on your mortgage....

A short sale of a home is when a home sells for less than the amount needed to pay off...

In common usage, a surcharge refers to an additional payment or tax heaped upon an existing charge. Surcharges can arise...

Alimony is the court’s way of making sure one spouse doesn’t get to live high on the hog while the...

An emergency fund is an amount of money you set aside to prepare for an unexpected event such as a...

An employee stock purchase plan is a program that permits employees to use some of their paycheck to buy stock...

An employee stock ownership plan is one of several ways for employees to receive stock shares from their employers. Other...

An interest rate is the percentage of a loan that the lender charges per year for giving the borrower the...

Learn about the two main types of IRAs and get the details on eligibility requirements, tax benefits, contribution limits, and...

Financial security refers to the peace of mind you feel when you aren't worried about your income being enough to...