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- Fiduciary
A fiduciary is a person, company, or association that has taken on the responsibility of holding the property of another person and managing it in such a way as to benefit that person. Some examples of fiduciaries include trustees, executors of wills and estates, receivers in bankruptcy, and people who manage the assets of the under aged or incompetent.
In most of the U.S, there are laws that define what a fiduciary is allowed to do with a beneficiary's assets. These laws protect the beneficiaries from fiduciaries using their money for personal gain.
- Fixed
In financial terms, "fixed" refers to a rate of interest that is non-variable. A loan with a fixed rate of interest assures you that the interest rate that you pay each month will not change over the life of the loan. But be careful, because credit card companies can change their "fixed" rates at any time.
- Foreign Currency Surcharge
A foreign currency surcharge is a fee levied by a credit card company on some transactions that are made outside of the home country. For example, if you are traveling abroad and use the credit card to make purchases, the card issuer needs to convert the purchase amount from the foreign currency to the home country's currency. The foreign currency surcharge, which is often a percentage of the purchase price, is applied to this conversion.
- Gold Card
A gold card is a credit card with a minimum credit limit of at least $5,000, and usually more. Along with the higher credit limits, these cards often have a higher annual fee. They are designed to appeal to customers with above average incomes, and are considered a mark of prestige. The American Express gold card differs from bank-issued cards such as Visa and MasterCard in that the credit limit is set by the individual banks and thus can vary.
- Grace Period
A grace period is a window of time, usually about 25 days, during which you can pay your credit card bill and avoid any finance charges. A grace period is usually available only to customers who pay their whole balance each time. Without a grace period, the credit card company may start charging you interest on each transaction as soon as that transaction is posted to your account.
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