A tax deduction is a dollar amount subtracted directly from your income that lowers the amount that you are ultimately taxed on for the year, called your “taxable income”. The…
Category: Glossary
Credit utilization is a single measure that combines how much credit you have available (how much you’re allowed to borrow) and how much credit you’re using (how much you have…
An executor or executrix is the named individual (male/female) that is in charge of following the deceased’s wishes as expressed in the will. Their responsibilities can include managing assets, gathering…
A legal guardian is a person appointed by a court to care for and manage the assets/property of a person who is not of legal age (the “ward”) or deemed…
Credit inquiries (or credit pulls) are when a creditor or lender sends a request to one of the credit agencies to review your credit report. This inquiry may become part…