C

  • An amount of money a person saves, invests or borrows, before interest or loss.
  • Money a business or person makes if it sells a long-term asset, such as a building or equities for more than it cost.
  • A tax on gifts over a certain value or on a capital gain.
  • Also known as an ATM card – a plastic card that a person can use only at cash machines with a personal identification number (PIN) to withdraw cash, check their balance or print out a mini-statement.
  • A record of all the money coming in minus all the payments as they are made, measured over a particular time.
  • A document that proves that a person is insured.
  • An addition or supplement that explains, modifies, or revokes a will or a portion of one.
  • An asset offered to or needed by a lender as security for a loan, such as a house for a mortgage.
  • A small fee charged as a percentage of the value of goods or services such as stock sale or purchase.
  • The money and benefits received by an employee from an employer as a salary or wages.
  • Insurance that covers damage to and theft of a person’s possessions in their home.
  • An agreement between two or more parties, which is usually written and is binding on everyone concerned.
  • Also known as the exchange rate – a changing rate at which a person can change one currency for another, for example $1.00(USD) for $1.35(CAD).
  • A legal term to describe selling or giving property to another person or group.
  • A company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
  • A type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step of production as well as fixed costs such as depreciation of capital equipment.
  • The CPA is a license to provide accounting services directly to the public. The CPA is awarded by each of the 50 states for practice in that state additionally 49 of 50 states have a mobility agreement.
  • The CPI program produces monthly data on changes in the prices paid by urban consumers for a representative basket of goods and services.
  • Money that a bank, credit union or a credit card company has lent a person to buy goods or services.
  • A plastic card that lets a person buy something ‘on credit’ and pay for it later.
  • The highest amount a lender or credit card company will lend a person at any time.
  • A score of a person’s ability to repay debt such as loans and credit card bills.  The Fair Credit Reporting Act (FCRA) requires each of the nationwide credit reporting companies — Equifax, Experian, and TransUnion — to provide you with a free copy of your credit report, at your request, once every 12 months.
  • A person or company who is owed money.