Personal Finance terms starting with A

119 terms

101. Authorization The issuance of approval, by a credit card issuer, merchant, or other affiliate, to complete a credit card transaction.
102. Authorized charge An authorized charge is any charge that you or any authorized user makes on the account, and any fees and interest charges owing on the account.
103. Authorized IRS e-file Provider A business authorized by the IRS to participate in the IRS e-file Program. The business may be a sole proprietorship, a partnership, a corporation, or an…
104. Authorized user If you ask us to issue a credit card on this account to another person, he or she is an authorized user.
105. Automated Clearing House (ACH) A computerized facility used by member depository institutions to electronically combine, sort, and distribute inter-bank credits and debits.
106. Automated Teller Machine (ATM) A machine, activated by a magnetically encoded card or other medium, that can process a variety of banking transactions.
107. Automatic Bill Payment A checkless system for paying recurring bills with one authorization statement to a financial institution.
108. Automatic enrollment Your employer has the right to sign you up for your company's 401(k) plan, in what's known as an automatic enrollment.
109. Automatic exercise If you hold a call option, automatic exercise may occur if the contract is in-the-money by a certain amount.
110. Availability Date The date on which checks payable at local or non-local banks are considered to be collected and available for customers' withdrawal.
111. Availability Policy Bank's policy as to when funds deposited into an account will be available for withdrawal.
112. Available Balance The balance of an account less any hold, uncollected funds, and restrictions against the account.
113. Available Credit The difference between the credit limit assigned to a cardholder account and the present balance of the account.
114. Average A stock market average is a mathematical way of reporting the composite change in prices of the stocks that the average includes.
115. Average annual yield Average annual yield is the average yearly income on an investment, expressed as a percentage.
116. Average daily balance The average daily balance method is one of the ways that the finance charge on your credit card may be calculated.
117. Average daily balance method with compounding According to this method, we calculate the interest charges for each balance by applying the “daily periodic rate” for that balance to the “average…
118. Average daily balance method without compounding According to this method, we calculate the interest charges for each balance by applying the “daily periodic rate” for that balance to the “average…
119. Average Final Compensation (AFC) Average final compensation (AFC) is the 12 highest consecutive quarters of a member’s earnable compensation divided by three.