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 Hands On Banking Dictionary
Hands on Banking® - Dictionary © 2003, 2006 Wells Fargo Bank, N.A. All rights reserved. Secured credit card A credit card secured by a savings account. The money in the savings account is collateral and may be claimed by the company issuing...
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Hands on Banking® - Dictionary © 2003, 2006 Wells Fargo Bank, N.A. All rights reserved. Secured credit card A credit card secured by a savings account. The money in the savings account is collateral and may be claimed by the company issuing the card if the account holder fails to make the necessary payments. Using a secured credit card, and paying according to the terms of the agreement, can be a good first step for individuals or businesses that want to establish or rebuild their credit. Secured
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http://www.handsonbanking.org/nav_elements/teachers_guide_PDF/HOB_Dictionary.pdf#page=10
www.handsonbanking.org/nav_elements/teachers_guide_PDF/HOB_Dictionary.pdf...
she can continue to borrow against the line of credit during the agreed upon time period. <span class="highlight">A</span> line of credit can be unsecured or <span class="highlight">secured</span>. Also called <span class="highlight">a</span> credit line. Living wage <span class="highlight">A</span> dollar amount higher than the federal minimum wage that’s designed to provide workers with <span class="highlight">a</span> level of pay that allows them to meet their basic needs. Loan An agreement between <span class="highlight">a</span> borrower <span class="highlight">and</span> <span class="highlight">a</span> lender, where the borrower agrees to repay money with interest over <span class="highlight">a</span> period of time. Long-term loan <span class="highlight">A</span> loan that can be paid back
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http://www.handsonbanking.org/nav_elements/teachers_guide_PDF/HOB_Dictionary.pdf#page=13
www.handsonbanking.org/nav_elements/teachers_guide_PDF/HOB_Dictionary.pdf...
amount of money, repay the money borrowed with interest when it is due, <span class="highlight">and</span> then borrow the money again. The most popular kind of revolving credit account is the credit <span class="highlight">card</span>. Risk The measurable likelihood of loss, or less-than-expected return, on an investment or <span class="highlight">a</span> loan. Rollover The transfer of funds from one investment to another. For example, when an employee leaves <span class="highlight">a</span> job that offered <span class="highlight">a</span> 401(k) retirement plan, the funds can be moved, or rolled over, to his or her new employer’s plan, usually
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http://www.handsonbanking.org/nav_elements/teachers_guide_PDF/HOB_Dictionary.pdf#page=14
www.handsonbanking.org/nav_elements/teachers_guide_PDF/HOB_Dictionary.pdf...
Hands on Banking® - Dictionary © 2003, 2006 Wells Fargo Bank, N.A. All rights reserved. <span class="highlight">Secured</span> credit <span class="highlight">card</span> <span class="highlight">A</span> credit <span class="highlight">card</span> <span class="highlight">secured</span> by <span class="highlight">a</span> savings account. The money in the savings account is collateral <span class="highlight">and</span> may be claimed by the company issuing the <span class="highlight">card</span> if the account holder fails to make the necessary payments. <span class="highlight">Using</span> <span class="highlight">a</span> <span class="highlight">secured</span> credit <span class="highlight">card</span>, <span class="highlight">and</span> paying according to the terms of the agreement, can be <span class="highlight">a</span> good first step for individuals or businesses that want to establish or rebuild their credit. <span class="highlight">Secured</span>
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