PERSONAL FINANCE GLOSSARY

ATM

Accelerated Death Benefits

Access Checks

Accidental Death And Dismemberment

Account Routing and Transit Number

Accumulation

Accumulation Period

Active Management

Active Statement

Adjustable Rate Mortgages

Administrative Charge

Affiliate

Aggressive Growth Funds

Alpha

American Depositary Receipts

Amortization

Annual Fee

Annual Gift Tax Exclusion

Annual Percentage Rate

Annual Report

Annually Renewable Term

Annuitant

Annuitization

Annuity

Annuity Benefits

Annuity Contract

Annuity Payment Period

Annuity Start Date

Applicable Exclusion Amount

Application Fee

Appraisal

Appraisal Fee

Appraised Value

Appreciation

Arbitrage

Ask

Assignment

Attorney Fees

Automated Teller Machine

Available Credit

Average Daily Balance

Adjustable Rate Mortgages (ARMs) are a popular way to get the lowest initial payment. Typically a lower interest rate than fixed rate loans, the ARM interest rate changes over time. Due to this, your monthly interest rate could increase or decrease but may be protected with a maximum interest rate or adjustment cap. ARMs are best for people whose income may increase over the loan's life, or who plan on moving within the next few years.