Cost-of-way of living adjustment (COLA): An annual change in workers’ spend in order to erase the result regarding rising prices into the to find energy. Good Cola is oftentimes a wage improve, according to the User Price Index.

Counterfeit: Phony, constantly dealing with bogus currency. The trick Service is responsible for investigating counterfeit cash in the You.S.

Credit: A legal contract in which a borrower get things useful today by the encouraging to pay the lending company for it later. If product useful are an item, the newest consumer shopping it “to the credit.” (Discover including finance.)

Credit bureau: A company you to info borrowers’ borrowing records. The 3 biggest U.S. credit bureaus try Equifax, Experian, and you can TransUnion.

Charge card: A credit card that allows one borrow cash or pick products and services to the credit. (más…)