The percentage of your taxable income that is owed to the state and federal governments. The tax rate increases as the taxable base amount increases.
The period of a loan, generally measured in years. Auto loans generally range from 2 to 5 years. Mortgage loans: 15 to 30 years.
The decline in an asset's value over the course of its useful life due to wear and tear and obsolescence.
The cash you deposit towards the purchase of home, car, etc. The larger the down payment, the less you are required to borrow.
An offer to consumers - as an incentive to buy - that reduces the purchase price of a good by the amount of the rebate.
Savings interest rate:
The yearly interest rate you earn on your savings.