D

  • A tax on the transfer of the estate of a deceased person. The tax applies to property that is transferred via a will or according to state laws of intestacy.  In addition to the federal estate tax, many states have enacted similar taxes. These taxes may be termed an “inheritance tax.”
  • A document issued by a company, usually to a bank or credit union, that acknowledges that some or all of the organization’s assets are security for a debt.
  • A payment from an account or the cost of buying goods or services.
  • A plastic card that can be used instead of cash to pay for goods and services, or to withdraw money from an ATM.  The transaction is immediately withdrawn from a bank or credit union account.
  • The result of money being taken out from an account.
  • Money owed to another person or to a company.
  • Taking out a single loan to pay off a number of smaller, individual loans.
  • An organization, company or person that owes a sum of money.
  • A document that confirms a person owns a particular property, usually given as security for mortgages.
  • A failure to pay a debt on time.
  • A type of pension plan to which a person makes payments each month and that pays out an amount related to how much the person has invested and how well the fund has performed.
  • A sum of money placed or kept in a bank account.  A sum payable as a first installment on the purchase of something or as a pledge for a contract, the balance being payable later. 
  • The drop in the value of an asset due to wear and tear, age and whether it is going out of date, as recorded in an organization’s financial records.
  • Someone who is related to a person or group of people who lived in the past.
  • A secure and confidential method of payment (for example employee payroll) directly into a person’s bank or credit union account, using electronic fund transfer (EFT).
  • A secure and confidential method of payment (for example monthly credit card) directly to the institution, using electronic fund transfer (EFT).
  • A type of mortgage, usually offered to new customers, in which the interest rate is reduced for a fixed period of time.
  • Income available after a person pays taxes, loans and buys basic goods and services.
  • Selling off, usually in relation to the parts of a company that are not performing well or no longer fit in with the company’s wider plans.
  • Money that a company pays to its shareholders from its profits.
  • A person who gives something of value to a fund or an organization.
  • A durable power of attorney differs from a traditional power of attorney in that it continues the agency relationship beyond the incapacity of the principal.