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Economics Terms Lexicon
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Economics Terms Lexicon
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Personal Finance
Personal Finance
4
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Arrears
Credit and Lending
Personal Finance
Overdue payments on a contract (rent, mortgage, utilities, child support) after one or more missed due dates.
Read more about Arrears.
Bank Account
Banking
Personal Finance
An agreement with a bank to hold and manage funds, enabling deposits, withdrawals, and payments.
Read more about Bank Account.
Household
Microeconomics
Personal Finance
The basic decision-making unit for consumption, saving, and labor supply in microeconomics and macroeconomics.
Read more about Household.
Pension Rights
Public Finance
Personal Finance
The economic value of future pension entitlements from public and occupational pension systems.
Read more about Pension Rights.