a fee for having an active credit card. Most credit card providers no longer require an annual fee.
the percentage cost of credit on an annual basis, which must be disclosed by law. Example 1: A $100 loan repaid in its entirety after one year with a $10 finance charge ($9 interest plus a $1 service fee) has an APR of 10%. Example 2: A $100 one-year loan with a $10 finance charge repaid in twelve equal installments (meaning the borrower has the use of less and less of the loan principal each month) has an APR of 18%.
provides liability and property damage coverage under specific circumstances related to one's automobile.
a computer terminal used to conduct business with a financial institution or purchase items such as postage stamps or transportation tickets; also known as a cash machine.
a direct deposit from your paycheck directly into your savings account, a number of dollars designated by the payee.