Financial Glossary

Level up your understanding of common money terms and complex finance concepts with our glossary.

A

Adjusted Gross Income

Adjusted Gross Income is your total income minus specific deductions, determining tax liability and eligibility for credits.

C

Cryptocurrency

Cryptocurrency is digital currency secured by cryptography, operating on a decentralized network, typically utilizing blockchain technology.

E

Equity

Equity represents ownership value in an asset or company, reflecting the residual interest after deducting liabilities from assets.

H

Home Equity Line of Credit

A home equity line of credit is a revolving loan where your home serves as collateral, allowing you to borrow against your home's equity.

I

Income-Driven Repayment

Learn about income-driven repayment (IDR) plans for federal student loans. Discover how these plans adjust payments to make student loans more manageable.

P

Pyramid Scheme

A pyramid scheme is a fraudulent system of making money based on recruiting an ever-increasing number of "investors".