Answer:
1. APR: Abbreviation of annual percentage rate, the interest rate applied annually to a loan or a credit card balance
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2. APY: Abbreviation of annual percentage yield, the rate of return earned in the course of one whole year,taking compounding into account, expressed as a percentage
3. Cash reserves: Cash and other liquid assets such as demand deposits or treasury bills that an individual possesses.
4. .Fixed costs:An expense that does not vary from one time period to the next.
5. Refinancing:To obtain a new loan for something on different terms, often involving the paying off of an existing high-interest loan by means of a new, lower-interest one.
6. Savings: Money set aside for future use
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7. Withdraw:To take money out of an account
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8. Budget:To plan the allocation, expenditure, or use of money
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9. Cost of living:The amount of money that is anticipated to be received over a period of time, either as payment for work, goods, or services, or as profit on capital.
10. Income Potential: The amount of money that is anticipated to be received over a period of time, either as payment for work, goods, or services, or as profit on capital
Explanation:
APR means Annual Percentage Rate.
APR means Annual Percentage Yield.