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Financial Literacy in the News

Glossary of Terms

Indemnity is the basic principle in insurance (but not life insurance) by which the policyholder is compensated after a...
Under the Fair Labor Standards Act, the federal government requires that workers are paid at least the minimum wage, calculated on an hourly basis. Since July 24, 2009...
Any time you sell an asset for more than you paid for it, you have made a capital gain. Let's say last year you bought 100 shares at a share price of $10 a...
A store where you can get a payday loan. See also Check Cashing Stores and Pawnbroker.
Interest income is any money you make from any kind of investment that pays interest. It might include income from bonds or a savings...