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Your FICO score is a numerical summary of your credit report, a snapshot of your creditworthiness.

Interest rates, expressed as a percentage, are the cost of borrowing money or the reward for saving it.

Debt is money borrowed by one party from another. Think of it like a financial IOU.

Credit is the ability to borrow money or access goods or services with the understanding that you'll pay later.

Equity represents your share or interest in an asset after all debts associated with that asset are paid off.

A bond is essentially a loan made by an investor to a borrower. This borrower could be a corporation, a municipality, or even the government

Net Worth is the difference between what you own (your assets) and what you owe (your liabilities).

Liabilities are just the debts or IOUs we owe to other folks or companies.