Assets

The value of things the company owns and amounts it is owed

Balance transfer

The process of moving the amount you owe on one credit card or debt to another credit card or loan.

Bodily Injury Liability

Insurance coverage that pays costs related to bodily injury or death for which you become legally responsible.  

Bond

A form of debt issued by government entities and corporations.

Budget

A plan showing targets for income and expenses over a fixed time period, such as a month or a year.

Capital Assets

Assets whose cost is spread over many years in the income statement, rather than having the full cost flow through the income statement in the year purchased.

Certificate of Deposit

A savings certificate, usually issued by a commercial bank, that has a stated maturity and interest rate.  Certificates of deposit, often called CDs, are insured by the Federal Deposit Insurance Corporation up to $250,000 per account holder per bank.  The $250,000 limit includes all of your insured accounts at the bank, such as savings and checking accounts.

Closed-end fund

A fund with a fixed number of shares that trade on an exchange (similar to stocks in individual companies). Share can be bought and sold in the open market from other investors, not from the fund manager directly. The market price of a closed-end fund can differ from the net asset value based on investors’ perceptions of future performance of the fund manager.

Co-Pay

The fixed amount that you pay for each provider visit or prescription. The fixed amount can vary depending on the type of provider or prescription, but does not vary based on the services provided at a visit. HMO plans are usually the only type of plans that have co-pays on doctor visits, while many plans use co-pays for prescriptions.

Coinsurance

The portion of each insurance claim, expressed as a percentage, you pay after you have reached the deductible and before you have reached your maximum out-of-pocket payment amount.  Coinsurance is very common in health insurance but is not used with auto or homeowners insurance.  Sometimes, people (like me, but not in this post) incorrectly refer to coinsurance as co-pays.