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What Is a Budget

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What is a budget?


Definitions:

Finance Charges

Costs associated with borrowing money, including interest and other fees.

Truth in Lending Statement

A legal document required in the United States which outlines the terms, interests, and other costs of a loan, provided to borrowers by lenders.

Terms of Payment

The conditions under which a seller will complete a sale, typically outlined in terms of the amount of time the buyer has to pay for the goods or services.

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