Credit Counseling

Updated Mar 14, 2023
By Minh Tong
Credit Counseling

Credit counseling is a service offered to individuals who are struggling with debt management or are looking to improve their financial situation. It is a process that involves working...

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Charge-Off

Updated Mar 14, 2023
By Melissa Cook
Charge-Off

A Charge-Off is a financial term used to describe a situation where a creditor writes off an outstanding debt as uncollectible. In simpler terms, it means that the creditor has given up on...

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Consumer Finance Protection Bureau (CFPB)

Updated Mar 14, 2023
By Aaron Sarentino
Consumer Finance Protection Bureau (CFPB)

The Consumer Financial Protection Bureau (CFPB) is a federal agency in the United States that was created by the Dodd-Frank Wall Street Reform and Consumer Protection Act...

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Capital Gains

Updated Mar 10, 2023
By Melissa Cook
Capital Gains

Capital gain refers to the profit that an individual or entity realizes when they sell an asset for a price that is higher than the price they initially paid for it. In other words, it...

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Cash Flow

Updated Mar 10, 2023
By Melissa Cook
Cash Flow

Cash flow is the movement of money in and out of a business or individual's accounts over a given period. It measures the amount of money that flows into and out of a business, indicating...

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Bond

Updated Mar 10, 2023
By Minh Tong
Bond

A bond is a financial instrument used by governments, corporations, and other organizations to raise capital. It represents a debt obligation, meaning that the issuer (borrower) promises...

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Principal

Updated Mar 10, 2023
By Melissa Cook
Principal

In financial terms, the principal refers to the initial amount of money that is borrowed or invested, upon which interest is calculated or earned.  It is the original amount of money involved in a...

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What Is Amortization?

Updated Mar 10, 2023
By Melissa Cook
What Is Amortization?

Amortization refers to the process of spreading out the cost of an asset over its useful life. In financial terms, it is the gradual reduction of a loan or debt through regular payments of...

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Financial Investment

Updated Mar 03, 2023
By Aaron Sarentino
Financial Investment

A financial investment is the practice of using money to purchase and hold assets for the purpose of making a profit. These investments can include stocks, bonds, mutual funds...

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