Financial Glossary

Annual Percentage Rate - The yearly cost of a loan including interest and fees.

The strategy of dividing investments among different asset categories like stocks, bonds, and cash.

Interest calculated on the initial principal and accumulated interest from previous periods.

The amount you pay out-of-pocket before insurance coverage begins.

Money set aside to cover unexpected expenses or financial emergencies.

Exchange-Traded Fund - A type of investment fund that trades on stock exchanges like individual stocks.