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Emergency fund

Asset

Annual percentage rate

Credit score

Comparison shopping

Principal

Pay yourself first

Diversification

Creditworthiness

Bankruptcy

consists of comparing the prices of similar products to determine which is least expensive.

is a three-digit number that represents how likely a borrower is to repay a debt.

legal status that a person or entity can enter when they're unable to repay their debts.

term that refers to how much confidence a lender can have in a borrower’s ability to repay a loan.

the amount of money due on a loan before interest.

any resource (tangible or intangible, owned or controlled) that holds value.

APR, is the yearly interest rate charged on borrowed money.

PYF, is a strategy in which saving is prioritized and made an essential cost in a budget.

It spreads investments over different assets with varied risk potential. Helps to reduce the overall risk of loss.

money set aside for big, unexpected expenses such as job loss or large medical bills.