Getting back to my Personal Finance Dictionary, I’ll be introducing a word that is very relevant to me.
Word of the day (WOD) is: underwater
Definition: Underwater is a financial term more commonly known as negative equity. Negative equity means that the value of a loan for a particular asset exceeds the value of the asset.
Common Use: [...]
Here’s my second installment to the Personal Finance Dictionary. Having a Personal Finance Word of the Day will provide readers a nice, quick, and simple way to understand some common, and not so common, words thrown out there. I’ll provide a quick definition, common uses, and a simple sentence to tie the word together.
The Word [...]
Mar 03 2009
Posted by TS in personal finance dictionary |
I decided that personal finance education could be spread a lot easier if readers were presented the material in nice short quick bursts. I know the world is moving at a fast pace, and most of us don’t want to spend more than a minute looking at things like money or retirement. So, I’ve decided [...]
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