A acquittal - Judgment that a criminal defendant has not been proven guilty beyond a reasonable doubt. Affidavits must be notarized or administered by an officer of the court with such authority. Essentially, the defendant is admitting that the evidence is sufficient to show guilt. Such a plea is often made for purposes of negotiating a deal with the prosecutor for lesser charges or a sentence.
The amount is usually given weekly. Sometimes an allowance is tied to completing responsibilities — household chores or jobs for the family. The APR rate includes interest, transaction fees, and service fees.
Appreciate — to grow in value.
Usually a term used in relation to investments: Asset — any item of value that you own: This is an electronic banking station that enables people to take care of banking business 24 hours a day, 7 days a week.
You can deposit and withdraw money, pay loans, etc. Auto Insurance — this insurance helps you pay for damage you cause as a result of an accident to people or property, medical expenses you may have and the cost of fixing your car.
It will also pay all these expenses if someone hurts you or your car and they do not carry insurance themselves. Back to Top - B - Balance — 1 In talking about loans, the balance is the difference between the amount owed and the amount paid.
Bank Card — this plastic card looks like a credit card, but it is used to withdraw money from a savings or checking account. When you use a debit card at Automatic Teller Machines or in stores to make purchases, money is immediately withdrawn from your account.
You cannot withdraw more money than you have in the account. Bankruptcy — a state of being in so much debt that you are legally declared unable to pay in full the people and companies you owe.
When you legally declare yourself bankrupt in some states, you must sell off all your possessions and pay off your debts as best you can. The name is derived from the most highly valued poker chip, the blue chip.
Bond — an IOU issued by a corporation or government that confirms you are lending the corporation or government money. Bonds pay interest regularly to lenders.
At the end of the term of the bond, the borrower returns to the lender the face value of the bond the amount the lender invested in the bond. Broker — a licensed professional who advises people about investments; also helps people buy and sell stocks, bonds, mutual funds, etc.
The broker earns a fee for this help, called a commission, usually a percentage of the transaction. Brokerage Company — a company that charges a fee to buy or sell investments for you. Budget — a plan you create for controlling spending and encouraging saving.Enter your mobile number or email address below and we'll send you a link to download the free Kindle App.
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Click on the desired term to see the link in the address bar. Glossary of ringing terms. Please don't take these definitions as being particularly authoritative; I'm not that experienced a ringer, and wrote this page as I felt there was a gap that could do with filling!
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The Elephant Ecosystem. Every time you read, share, comment or heart you help an article improve its Rating—which helps Readers see important issues & writers win $$$ from Elephant. The Glossary of Insurance and Risk Management Terms is your personal interpreter of 2, key insurance and risk management terms.
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Glossary of Insurance Terms. This page provides a glossary of insurance terms and definitions that are commonly used in the insurance business.
New terms will be added to the glossary over time.