G-J
Learn the key terms involved with credit and debt management. This glossary contains definitions and miniature lessons on the basic and advanced aspects of credit and debt management.
interest rate
an interest rate is the rate charged or paid for using money. You are charged an interest rate when you borrow money and paid an interest rate when you loan money.
an interest rate is the rate charged or paid for using money. You are charged an interest rate when you borrow money and paid an interest rate when you loan money.
garnished wages
a court order for an employer to withhold a certain amount of employee's wages as repayment for debt
a court order for an employer to withhold a certain amount of employee's wages as repayment for debt
grace period
the period of time in which credit card payments can be made without interest penalty
the period of time in which credit card payments can be made without interest penalty
introductory rate
an interest rate, usually below-market, offered for the initial billing cycles of the credit card
an interest rate, usually below-market, offered for the initial billing cycles of the credit card
judgment
a court order to pay a certain amount of money to someone who has filed a law suit against you
a court order to pay a certain amount of money to someone who has filed a law suit against you