An arrangement at a bank for financial transactions, including making deposits and withdrawals.

Amortization is the time required to repay a loan (or other liability) in gradual installments.

The cost of borrowing money over one year, including interest charges.

An amount charged for something once a year. For instance, many credit cards have an annual fee that you must pay once a year to keep a card active.

A cheque that a bank does not pay, for instance because there is not enough money in your account to cover the amount issued on the cheque. These are also called non-sufficient funds (NSF) cheques. Most banks and retail outlets charge a fee to cover the administration costs associated with processing NSF cheques.

A written order tied to your chequing account that you fill out with a specified amount of money to pay a person or business. The cheque, once signed, directs your bank to pay the money out of your account.

An account which allows you to write cheques against deposited funds, or against a loan linked to the account, such as a line of credit.

Money loaned to an individual or organization. Credit can come in many forms including loans, mortgages, and credit cards.

A card that is used to make purchases or borrow money. Credit cards can be issued by financial institutions, retail stores, and other businesses and authorize you to repeatedly borrow money or buy products and services on credit, up to a certain limit. A minimum payment must be made on the balance each month. Interest is charged on any balance not [..]

The maximum amount you can purchase or available credit on your credit card.