Course Catalog / BMU 108 / Glossary
Glossary
Keep this page open while you study, or print it. See also the job aid.
- agenda
- A short list of what you will talk about.
- budget
- A plan for how much you will spend and on what.
- buffer
- Money you set aside for costs you did not expect.
- Buy Now, Pay Later
- A loan that splits a purchase into a few payments, often four.
- confirmed gift
- Money a family member has promised, with the amount and date clear.
- contract
- A written deal that says what each side will do.
- Cooling Off Rule
- An FTC rule that lets you cancel some sales made away from a store within 3 business days.
- credit report
- A record of how you have paid your debts.
- deposit
- Money paid early to hold a date or a service.
- dispute
- A formal request to your card company to fix a charge.
- fixed cost
- A cost that stays the same no matter how many guests come, like an officiant.
- Form W-4
- The form that tells your employer how much tax to hold from your pay.
- grace period
- Time with no interest on new purchases if you pay the full balance by the due date.
- interest
- The cost of borrowing money.
- joint account
- A bank account that two people share.
- per guest cost
- A cost that goes up with each guest, like a meal.
- priority
- A part of the day that matters most to you.
- refundable
- Money you can get back if plans change.
- tier
- A group on your guest list, ranked by how sure you are.
- voice and vote
- The CFPB idea of deciding who gives input (voice) and who makes the final choice (vote).