In the case of monthly payments, each payment covers principal repayment and interest for the month preceding the payment due date.

The annualized cost of credit or debt-capital computed as the percentage ratio of interest to the principal. (source: http://www.businessdictionary.com/definition/interest-rate.html#ixzz2ie9YRjeL)

The maximum interest rate that a financial institution can charge a borrower for an adjustable rate mortgage or loan according to the contractual terms of

An investing tool used by individuals to earn and earmark funds for retirement savings. (source: http://www.investopedia.com/terms/i/ira.asp)

Money which has not been invested into any interest-earning vehicles and is earning no income for the owner, such as money deposited into a no-interest

An agreement by which one person assumes the responsibility of assuring payment or fulfillment of another’s debts or obligations. (source: http://www.thefreedictionary.com/Guarantys)

Person or entity who guarantees to pay for someone else’s debt if he or she should.default on a loan obligation. A guarantor acts as a

The ​act of ​collecting or ​producing ​money for a ​particular ​purpose, ​especially for a ​charity. (source: http://dictionary.cambridge.org/es/diccionario/ingles/fundraising)

The property of a good or a commodity whose individual units are capable of mutual substitution, such as crude oil, shares in a company, bonds,

An interest rate which is set, and will not change over a given period. (source: http://www.investorwords.com/6815/fixed_interest.html#ixzz2ivYezZQW)