By Jamie Englert
Managing your finances may seem like a dizzying mass of numbers. But you can also think of personal finance in terms of letters, as in the initials of some important personal finance terms to know. From bonds to life insurance to yield, below are some of the A to Z finance terms it’s worth knowing.
The annual percentage rate is the actual rate you pay on money you borrow or the actual return you earn on money you invest calculated out over a year. This differs slightly from the interest rate. For example, with a mortgage, the APR includes fees you have to pay for the loan. With a credit card, the APR accounts for the fact that the interest may be compounded daily...