Personal Finance

Income remaining after direct taxes are paid, which helps determine household consumption, saving, and work incentives.

A standardized annual borrowing-cost measure that includes interest plus certain loan fees so credit offers can be compared more fairly.

A contract that converts savings into a stream of payments, often used to manage retirement income and longevity risk.

Overdue payments on a contract (rent, mortgage, utilities, child support) after one or more missed due dates.

An agreement with a bank to hold and manage funds, enabling deposits, withdrawals, and payments.

The basic decision-making unit for consumption, saving, and labor supply in microeconomics and macroeconomics.

The economic value of future pension entitlements from public and occupational pension systems.