Term
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Definition
| an amount of money parents give kids to help them learn to manage money. The amount is usually given weekly. Sometimes an allowance is tied to completing responsibilities – household chores or jobs for the family. |
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Term
| Annual Percentage Rate (APR) |
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Definition
| the rate of interest (in terms of a percent, such as 8.75%) being charged for a loan over a year's time. The APR rate includes interest, transaction fees, and service fees. |
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Term
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Definition
| these letters stand for Automatic Teller Machine. 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., at most ATMs. |
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Term
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Definition
| to grow in value. Usually a term used in relation to investments: stocks, collectibles, etc., which are now worth more than you paid for them. |
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