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Money Dictionary

A - B  C - D  E - F  G - H  I - J  K - L  M - N  O - P  Q - R  S - T  U - V  W - X  Y - Z

Identity Theft   Identity theft involves someone else using your personal information to open accounts, to charge items to your accounts, or even to get a job.
     
Income   Any regular form of payment to an individual, including salaries, commissions, bonuses, unemployment insurance, workers' compensation, disability, pension, or interest.
     
Inflation   A rate of increase in the general price level of all goods and services. For example, if the inflation rate is at 5%, that means what you normally paid $100 for is now $105.
     
Installment   The regularly scheduled payments that a borrower agrees to make to a lender.
     
Interest   The amount a borrower pays to a lender for use of the lender's money. Interest can be either simple interest or compound interest.
     
Internal Revenue Service (IRS)   A branch of the U.S. Department of Treasury that is the nation's tax collection agency responsible for administering the Internal Revenue Code enacted by Congress.
     
Introductory APR   The Annual Percentage Rate (APR) for a loan's introductory period which can change after the period has expired. For example, a credit card company may offer you an introductory APR of 0% for six months. After the 6-month period, the APR might increase.
     
Invest   Putting your money into a project that you hope grows your money. Examples include investing in a company that you think will earn profits or investing in a home that you think will increase in market value over time.
     
Investment Banks   Companies that give investment advice, and buy and sell stocks and bonds. Investment banks are not FDIC-insured and may not offer banking services, such as deposits and loans.

OFE's Reference List for Money Dictionary