| Identity Theft |
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Identity theft involves someone else using your personal information to open accounts, to charge items to your accounts, or even to get a job. |
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| Income |
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Any regular form of payment to an individual, including salaries, commissions, bonuses, unemployment insurance, workers' compensation, disability, pension, or interest. |
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| Inflation |
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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. |
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| Installment |
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The regularly scheduled payments that a borrower agrees to make to a lender. |
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| Interest |
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The amount a borrower pays to a lender for use of the lender's money. Interest can be either simple interest or compound interest. |
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| Internal Revenue Service (IRS) |
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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. |
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| Introductory APR |
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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. |
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| Invest |
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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. |
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| Investment Banks |
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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. |
