Financial Terminology Library

Understanding common financial vocabulary can help you make informed decisions.

Financial jargon made simple

When it comes to buying a car or house, planning for retirement or preparing for another major financial event, understanding complex terminology can be overwhelming. Dominion Energy Credit Union is here to help you make sense of common financial terms so the next time you need to make a major financial decision, you have the vocabulary to set you up for success.

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Wire

A wire is an electronic message system, that allows banks to send and receive money between accounts.