PFL TERMS

An estimation of your income and expenses.

• Budget

• Credit

• Emergency Fund

Is what's given when a lender grants a borrower money in exchange for later payment.

• Budget

• Credit

• Credit Score

Is a number between 280-850, depending on the credit bureau.

• Budget

• Credit

• Credit Score

Money that's borrowed that needs to be paid back.

• Debt

• Emergency Fund

• Expenses

Money that's set aside for use in case of an emergency.

• Debt

• Emergency Fund

• Expenses

Is a professional with skills and knowledge to assist with a range of financial matters.

• Financial Advisor

• Will

• Income

is a deposit account offered by banks and credit unions that may offer higher interest rates on your savings and often includes check-writing.

• Will

• Life Insurance

• Money Market Account

is an account at a bank or credit union where you can deposit funds and earn a small amount of interest.

• Savings Account

• Retirement Account

• Stock Market

A document that spells out how you would like your estate to be handled after your death.

• Will

• Stock Market

• Savings Account

Functions as a place where buyers and sellers converge to exchange money for securities in an orderly fashion.

• Stock Market

• Savings Account