Glossary

A

Abandonment
Ability to pay
Above-the-line deduction
Abstract of title
Accelerated cost recovery system
Accelerated depreciation
Acceleration clause
Acceptance
Accident and health insurance
Accounting method
Accounts receivable turnover
Accrual accounting
Acquiring financial institution
Acquisition fee
Actual cash value
Actuary
Ad valorem tax
Add-on interest
Add-on interest loan
Add-ons
Addendum
Additional principal payment
Ademption
Adjustable-rate mortgage
Adjusted balance
Adjusted basis
Adjusted gross income
Adjustments to income
Administrator
Adoption credit
Adoption taxpayer identification number (ATIN)
Advance medical directive
Adverse possession
Affinity credit card
Affordable Care Act
Aftercare
Aggressive growth
Agreed boundary
Agreement of sale
Air miles
Alienation clause
Allowable cost
Allowance
Alpha
Alternative minimum tax
Alternative mortgage
Ambulatory benefits
Amended return
American Opportunity Tax Credit
Amortization
Amortization table
Amortizing loan
Amount financed
Ancillary services
Annual fee
Annual percentage rate (APR)
Annuitizing an IRA
Annuity
Anticipatory breach
Application fee
Appraised value
Appreciation
APY (annual percentage yield)
Arbitrage
Arbitration
Architectural fees
Arpent
Asking price
Assessment
Assessment roll
Asset allocation
Asset case
Asset class
Asset-conversion loan
Assets
Assignment of benefits
Assignor
Assumable mortgage
Assumption clause
ATM
ATM card
Audit
Authorized user
Auto insurance score
Automatic payment
Automatic premium loan
Automatic stay
Average annual yield
Average daily balance
Average tax rate
Avigation easement

B

Back-to-back escrow
Backup withholding
Balance sheet
Balance transfer
Balanced fund
Balloon mortgage
Balloon payment
Bank card
Bank holding company
Bank Secrecy Act
Bank spread
Bankruptcy
Bankruptcy code
Bankruptcy trustee
Bargain sale
Base price
Basis point
Bear market
Bearing wall
Bedroom community
Beneficiary
Benefit package
Bequest
Beta
Betterment
Bidding war
Biennial ownership
Bill of sale
Bill presentment
Billing address
Billing cycle
Billing statement
Binder
Bitcoin
Biweekly mortgage
Black Monday
Blanket insurance
Blanket mortgage
Blend fund
Block tuition
Blockchain
Blue-ribbon condition
Board certified
Board eligible
Board of equalization
Bodily injury liability
Bond
Bond fund
Book value
Borrow pit
Boundary
Breach of contract
Breach of covenant
Breach of warranty
Break the buck
Break-even point
Bridge loan
Broker premium
Brokerage account
Brokered CD
Broom clean
Bubble
Building code
Building inspector
Building moratorium
Building permit
Built-ins
Bull market
Bullet CD
Bump-up CD
Bundle of rights
Buyer broker
Buyer’s agent
Buyer’s market
Buyer’s remorse
Bylaws

C

Cafeteria plan
Call option
Callable bond
Cap
Capital
Capital asset
Capital expenditure
Capital gains
Capital improvement
Capital loss
Capitalization
Capitalization rate
Capitalized cap cost
Captive finance company
Carry back
Carry forward
Carry-over provision
Cash advance fee
Cash advance rate
Cash back
Cash card
Cash flow
Cash method
Cash-out refinance
Cashier’s check
Casualty and theft loss
catastrophic policy
Caveat emptor
Central bank
Certificate of deposit
Certificate of occupancy
Certificate of sale
Certificate of title
Chain of title
Change frequency
Change order
Chapter 11
Chapter 12
Chapter 13
Chapter 7
Chapter 9
Charitable contribution deduction
Chattel
Check card
Check clearing
Check hold
Check kiting
Check safekeeping
Child and dependent care credit
Child tax credit
Clear title
Closed access
Closing
Closing costs
Closing statement
Cloud on title
Co-branded cards
Co-housing
Co-maker
COBRA
Codicil
COFI mortgage
Collateral
Collection
Collision
Collusion
Combined loan-to-value ratio
Commercial bank
Commercial card
Commercial property
Commercial real estate
Commission
Commitment fee
Commodities
Common area assessment
Common areas
Common law
Common stock
Common-interest development
Community Bank
Community Reinvestment Act
Comparable value
Comparables (comps)
Comparative market analysis (CMA)
Compound interest
Comprehensive insurance
Comprehensive major medical
Comptroller of the currency
Condemnation
Conditional commitment
Conditionally renewable
Condominium
Condominium conversion
Conforming mortgage
Consent judgment
Conservator
Consideration
Constitutions and bylaws
Construction budget
Construction loan
Construction to permanent loan
Constructive receipt
Consumer bankruptcy
Consumer credit
Consumer Credit Protection Act
Consumer debts
Consumer Leasing Act
Consumer-directed plan
Contiguous lots
Contingency
Contingent fee
Continuation
Contract
Contract for deed
Contractual lien
Contribution
Controlled growth
Conventional mortgage
Conversion clause
Convertible bonds
Convertible mortgage
Conveyance tax
Cooperative
Cooperative mortgage
Copay
Corporate relocation
Corrective work
Correlation
Correspondent bank
Cost of deposit index
Cost of funds index (COFI)
Cost of goods sold (COGS)
Cost-plus contract
Counteroffer
Coupon
Covenant
Covenant lite loan
Covenants, conditions and restrictions
Coverdell education savings account
Covered expenses
Creative financing
Credit
Credit agreement
Credit bureau
Credit card
Credit Card Accountability Responsibility and Disclosure (CARD) Act
Credit card balance
Credit health insurance
Credit history
Credit insurance
Credit life insurance
Credit limit
Credit line
Credit monitoring service
Credit rating
Credit repository
Credit risk
Credit score
Credit scoring system
Credit shelter trust
Credit union
Credit utilization
Creditor
Creditor meeting
Cryptocurrency
Cryptocurrency wallet
Curable defect
Current ratio
Current year tax
Custodial accounts
Custom builder
Custom home
Cyberspace

D

Days on the market
Dealer charges
Dealer holdback
Dealer incentives
Dealer invoice
Dealer prep
Dealer sticker price
Debit bureau
Debit card
Debt Consolidation
Debt-to-available-credit ratio
Debt-to-equity ratio
Debt-to-income ratio
Debtor
Decedent
Declarations page
Decoupled debit card
Deductible
Deductible contribution
Deduction
Deed
Deed in lieu of foreclosure
Deferment
Deferred compensation
Deflation
Delinquent
Delinquent mortgage
Dependent
Dependent care credit
Deposit
Depreciation
Depression
Derivative
Derogatory
Designated agency
Destination charge
Diagnosis-related groups
Digital wallet
Direct deposit
Direct financing
Direct Loan
Direct tax
Disability income insurance
Disaster loss
Disbursement
disclosed dual agency
Discount brokerage
Discount point
Discretionary spending
Discretionary trust
Dishonored payment fee
Disposition fee
Distressed debt
Distressed property
Distribution
Diversification
Divestiture
Dividend
Do Not Call Registry
Document needs list
Doing business as (DBA)
Dormancy fees
Down payment
Draw
Drug formulary
Dual agency
Due-on-sale clause

E

E-check
E-commerce
E-file
Early withdrawal penalty
Earned income tax credit
Earnest money
Earnings per share
Easement
EBITDA
Economic Growth and Tax Relief Reconciliation Act (EGTRRA)
Economies of scale
Effective federal funds rate
Electronic funds transfer
Emergency fund
Emergency road service
Eminent domain
Employee savings plan
Employer Identification Number (EIN)
Empty nesters
Encryption
Environmental impact statement
Equal Credit Opportunity Act
Equifax
Equitable distribution
Equity
Escrow
Escrow company
Estate
Estate plan
Estate tax
Estimated tax payments
ETF
Ethereum
Excellent credit score
Exchange
Exchange fee
Excise tax
Exclusion tax
Exclusive listing
Expense ratio
Expensing
Experian
Express account
Extension of benefits

F

Fair Credit Billing Act
Fair Credit Reporting Act
Fair Debt Collection Practices Act
Fair Housing Act
Fair market value
Fannie Mae
Farm Service Agency
Federal Advisory Council
Federal Deposit Insurance Corporation (FDIC)
Federal discount rate
Federal funds rate
Federal Insurance Contributions Act (FICA)
Federal Open Market Committee
Federal Reserve Board
Federal Trade Commission
Federal Unemployment Tax Act (FUTA)
Fee simple
Fee simple defeasible
Fees in APR
FHA loan
FICO score
Fiduciary
Fiduciary duty
Fiduciary rule
Filing status
Finance charge
Finder’s fee
First lien
First Time Home Mortgage
Fixed rate
Fixed-rate mortgage
Fixture
Flat fee
Flat tax
Flexible spending account
Flood insurance
Flood plain
Floor models
Forbearance
Foreclosure
Form 1040EZ
Foster child
Fractional
Fractional ownership
Freddie Mac
Free enterprise
Freeloader
Fresh start
Fringe benefits
Full recourse
Fund of funds
Futures

G

Gap insurance
GFE
GI Bill
Gift card
Gift tax
Government bond
Government-sponsored enterprise (GSE)
Grace period
Grant
Grantor
Gross domestic product (GDP)
Gross income
Gross profit margin
Gross rent
Growth fund
Guaranteed loan
Guaranteed mortgage
Guardian

H

Hard inquiry
Hazard insurance
Health care proxy
Health insurance
Health insurance claim
Health insurance exchange
Health savings account (HSA)
Heir
HELOC
Historic preservation
HMO
Holding period
Home Keeper
Home Mortgage
Home Ownership and Equity Protection Act
Home warranty
Homeowners’ insurance
Homestead
Homestead exemption
Hospital indemnity insurance
Household employee
Household income
Housing discrimination
Housing expense ratio
HUD-1 statement
Human resources
Hypothecation

I

Impact fees
Impound account
Impounds
Incentive stock options
Income property
Income tax
Indemnity
Independent bank
Index fund
Indirect loan
Indirect tax
Individual retirement account (IRA)
Individual Taxpayer Identification Number (ITIN)
Inflation
Inheritance
Inheritance tax
Initial public offering (IPO)
Innocent spouse rule
Inspection report
Installment contract
Installment credit
Installment loan
Instant approval credit cards
Insurance
Insurance binder
Intangible asset
Intangible property
Inter vivos gift
Interchange fee
Interest
Interest checking account
Interest income
Interest rate
Internet bank
Interval
Introductory APR period
Inventory turnover
Investment bank
Investment income
Invoice price
Irrevocable trust
Issue
Itemized deductions

J

Joint liability
Joint tenancy
Joint tenants with rights of survivorship
Judgment
Judicial foreclosure
Jumbo CD
Junk bonds

K

Kiddie tax

L

Large cap
Late payment
Latent defect
Lease
Lease extension
Lease option
Leasehold estate
Ledger balance
Legal description
Legend drug
Lessee
Lessor
Letter of intent
Letters testamentary
Leverage
Leveraged buyouts
Liability
Libor
Lien
Life cap
Life-cycle cost analysis
Line of credit
Liquid assets
Liquidated damages
Liquidation
Liquidation sale
Liquidity
List price
Listing
Living trust
Load
Loan application
Loan commitment
Loan consolidation
Loan default
Loan origination
Lock-in
Locked-in rate
Lockoff
Long-term care insurance

M

Malware
Manufactured housing
Margin
Marginal tax rate
Market conditions
Married filing separately
Master-planned community
Material participation
Maturity
Maturity date
McMansion
Mechanic’s lien
Median price
Mediation
Medicaid
Medical Information Bureau
Medical payments coverage
Medical power of attorney
Medical savings account
Medically necessary
Medicare
Medicare doughnut hole
Member bank
Merit aid
Mill
Minimum payment
Mixed-income housing
MLS
Modification
Money laundering
Money market
Money market account
Money market deposit account (MMDA)
Money market funds
Monroney sticker
Moratorium period
Mortgage
Mortgage Terms
Mortgage Calculator
Mortgage banker
Mortgage bond
Mortgage insurance
Mortgage interest deduction
Mortgage life insurance
Mortgage loan originator
Mortgage Lender
Mortgagor
Moving expenses
MSRP
Mutual fund

N

National bank
National Credit Union Administration
National Credit Union Share Insurance Fund (NCUSIF)
National Housing Act
Negative equity
Nellie Mae
Net cash flow
Net effective rent
Net income
Net interest income
Net worth
No-documentation loan
No-load fund
Nominal GDP
Non-liquid asset
Non-qualified stock options
Non-sufficient funds (NSF)
Nonrecourse loan
Nonresident alien
Note
Notice of default
Notice of rescission
NOW account
Nursing home

O

Online banking
Online bill payment
Open access
Open house
Open listing
Open-end credit
Open-end lease
Operating margin
Options
Ordinary dividend
Ordinary income
Original issue discount (OID)
Overdraft
Overdraft protection

P

Passive activity
Passive investing
Payday loan
Paydown
Payroll card
Payroll taxes
Pell Grant
Penalty
Pension
Per diem interest
Periodic rate
Perkins Loan
Personal finance manager
Personal loan
Personal property
Personal property taxes
Phishing
Piggyback loan
PIN
PIP
Point of sale (POS)
Point-of-service plan (POS)
Points
Portability
Portfolio lender
Possession
Pour-over will
Power of attorney
Preapproval
Preferred provider organization (PPO)
Preferred stock
Prepaid credit card
Prepaid tuition plans
Prepayment penalty
Prequalification
Price protection
Price/earnings ratio (P/E ratio)
Primary care network
Prime for life
Prime rate
Principal
Principle of progression
Private equity
Private mortgage insurance (PMI)
Pro forma
Probate
Probate sale
Profit and loss statement
Progressive tax
Promissory note
Proof of claim
Property report
Property tax
Property tax deduction
Property value
Proportional tax
Proprietary lease
Prospectus
Prudent investor rule
Punch list
Purchase agreement
Purchase-money mortgage

Q

Qualified Medicare Beneficiary
Qualified retirement plan
Quick ratio

R

Racketeering
Rate lock
Reaffirmation agreement
Real estate
Real estate agent
Real estate bubble
Real estate investment trust (REIT)
Real Estate Settlement Procedures Act
Real GDP
Realtist
Realtor
Rebate
Receiver
Recession
Reciprocity agreement
Reconveyance
Recourse loan
Redemption
Redlining
Refinance
Refinance Mortgage
Refund
Refund anticipation loan (RAL)
Regional bank
Regulation Z
Reliction
Relocation company
Remaining balance
Remote deposit capture
Renters’ insurance
Replacement costs
Repossession
Repurchase agreement (repo loan)
Required minimum distribution
Resale value
Rescission
Reserve fund
Residential lease agreement
Residential real estate
Residuary estate
Respite care
Return
Return on assets (ROA)
Return on equity (ROE)
Return on investment (ROI)
Revenue
Reverse mortgage
Revocable trust
Revolver
Revolving balance
Revolving line of credit
Right of first refusal
Right of rescission
Risk
Risk premium
Risk tolerance
Roll in
Rollover
Roth conversion
Roth IRA
Royalty income
Rule of 72
Rule of 78

S

S corporation
Safe harbor
Sale of loan portfolio
Sallie Mae
Savings account
Savings and loan association (S&L)
Schedules
Scholarship
Schumer Box
Secondary mortgage market
Sector
Secured credit card
Secured lending
Security freeze
Self-directed IRA
Self-employment tax
Seller’s agent
Seller’s market
SEP IRA
Service charge
Service contract
Servicer
Settlement statement
Share certificate
Shared appreciation mortgage
Short sale
Signature loan
Simple interest
Simple interest loan
SIMPLE IRA
Small cap
Smart card
Smart contract
Smishing
Social Security
Soft inquiry
Sovereign loan
Sovereign wealth fund
Special assessment
SR-22
Standard and Poor’s 500 (S&P 500)
Standard deduction
Standard mileage rate
Starter home
Statement
Steering
Sticker price
Stock market crash
Stockbroker
Strike price
Student loan
Subagent
Subordinated loan
Subprime mortgage
Supplemental medical insurance
Surcharge
Survey
Sweat equity

T

Take-out loan
Tangible net worth
Tangible personal property
Tax bracket
Tax credit
Tax deduction
Tax deferral
Tax evasion
Tax exemption
Tax liability
Tax lien
Tax sale
Tax shelter
Tax tables
Tax-sheltered annuity
Taxable income
Taxpayer identification number (TIN)
Teaser loan
Teaser rate
Tenancy by the entirety
Tenants in common
Term
Term life insurance
Testamentary trust
The Fed
The PROFILE
Therapeutic alternatives
Third-party administrator
Third-party payer
Time deposit
Title
Title insurance
Title loan
Title search
Total debt service
Trade line
Trade-in value
Trading up
Traditional IRA
Transfer tax
TransUnion
Treasury Inflation-Protected Securities (TIPS)
Trust
Trust account
Trustee
Truth in Lending Act

U

U.S. Department of Housing and Urban Development
U.S. savings bonds
Unclassified loan
Underpayment penalty
Underwater
Underwriting
Unearned income
Uniform Gift to Minors Act
Uniform Transfers to Minors Act
Universal default
Universal life insurance
Unsecured debt
Unsecured loan
Unsecured personal loan
Upgrades
Upside down
Use tax
Usury

V

VA loan
Variable rate
Variable-rate loan
Variable-rate mortgage
Vehicle identification number
Venture capital
Virtual credit card
Voluntary compliance
Voluntary lien
Volunteer income tax assistance

W

Waiver
Walk-through
Walking distance
Wash sale
Wellness program
Whole life insurance
Will
Wire transfer
Withholding
Workers’ compensation
Working capital
Wraparound mortgage

X

Y

Z

Zero balance
Zero-down-payment mortgage
Zero-lot line
Zoning
Zoning variance