The Sunday Mail
Amortisation: A debt may be amortised with a specific schedule for paying back the principal and interest in equal payments by the end of the loan term.
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Finance Charge: Lenders charge borrowers finance charges as fees for lending money. Borrowers, who pay off a balance within a grace period can avoid finance charges.
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Overdraw: Attempting to withdraw money from an account, exceeding the account balance, is overdrawing the account.
Unearned Income: When people make money from interest, they are making unearned income.
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Variable Expenses: Some expenses change from month to month, making them variable expenses. Examples of variable expenses include groceries or utility bills.
