A cookie is a file created by a web browser at the request of a web site. The cookie is then stored on a computer. Cookies usually store user-specific information such as selections in a form, shopping cart contents, or authentication data.

A special interest rate on credit card balances that some issuers offer for a specific period of time, usually from a few months to a year. Many credit card issuers offer low introductory rates to attract new cardholders.

Payment made at fixed intervals for an insurance policy.

A payment frequency that allows you to pay one quarter of the monthly payment every week. To calculate the amount of your accelerated weekly payments, divide your monthly payment by four (for example, $1,000 ÷ 4 = $250). You make the equivalent of one extra monthly payment per year, which means you will pay off your mortgage faster and save in inte [..]

Entity that enables merchants to accept payments by credit or debit card, by providing merchants with access to one or more payment card networks for the transmission or processing of payments. Sometimes called a payments processor.

The period of time it will take to pay off a mortgage in full. Not to be confused with the term of the mortgage.

A fee that is applied each year for the use of a credit card. It’s billed directly to your statement. Generally, an annual fee is paid in exchange for additional rewards or benefits. Note that many credit cards do not charge an annual fee.

The annual interest rate charged on transactions when you don’t pay your balance in full. Credit card issuers can charge different interest rates for different types of transactions, such as balance transfers, cash advances and purchases.

A type of investment contract that pays you income at regular intervals, usually after retirement.

Fee that some payment card networks charge to acquirers for each transaction transmitted through the network. Some acquirers may in turn charge this fee to merchants.