In the United States, the debt ceiling is often a major source of heated debate among members of Congress. Often, the president also finds themself brought into the debt ceiling battle. If you don’t follow politics or economics too closely, you might be wondering what the heck the debt ceiling is. Is it really so important that Congress needs to fight about it seemingly every …
Financial jargon can be intimidating, and that’s especially true of the stock market terminology. But even if you’re not an investor, many of these terms can be relevant to your life due to their bearing on the larger economy. You’ve probably heard the terms bull market and bear market, but what exactly do they mean, and what’s the difference? In this article, we’ll explain bull …
If you have a loan, especially a student loan or a mortgage, there may come a time when you aren’t able to keep up with your payments. But there are options when it comes to repayment relief, including one called a forbearance and one called a deferment. Both can involve temporarily postponing or pausing (or temporarily lowering) loan payments. But there can be a crucial …
We love to talk about and compare the price of things. Maybe you remember the price of your favorite candy bar when you were a kid versus what its price is now. Or maybe you’ve had to take a good look at the cost of living in an expensive city. You’ve asked yourself, is it worth it? Can you afford it? When we start a new hobby …
One of the basics of tennis is you never want to hit your ball into the net. Most people won’t confuse this mesh fabric divider that runs across the court with the word gross (even if botching an easy volley straight into the net might feel gross). But when talking about money, the line that divides net and gross profits isn’t as clear. What is the …
While it may sound like a sequel to The Girl with the Dragon Tattoo, a Hindenburg Omen isn’t any fun. If you want to call attention to potential bad news, it’s hard to go wrong with the name Hindenburg. What was the Hindenburg? Paul von Hindenburg was a celebrated World War I general and a less celebrated president of Germany. The more infamous Hindenburg, however, is the dirigible named …
Whether you call it a buck, a single, a one, or a bill, the linen and cotton-blend currency resting in your wallet at this very moment contains a smorgasbord of images, symbols and Latin phrases—some hidden in plain sight. What do they mean and, once deciphered, can they unlock a series of veiled messages from our forefathers? Where does the word dollar come from? The …
Cheap, expensive, lavish, meager, a steal, or a rip-off. These are just some ways to talk about an item that costs money. But there are two other words used to talk about money as well: economic and economical. These words have two different meanings, despite them both being adjectives. Plus they’re also only two letters off, adding to the confusion. It’s pretty likely you’re mixing …
When someone casually uses a term they assume you understand but don’t, you have a few choices. You can get frustrated, or you can look it up. Financial jargon can be a code of confusing abbreviations and arithmetic. Let’s focus on one of the most common bits of shorthand: “the Dow.” What is the full name of the Dow? The full name for this measure of stock …