We Asked People To Try To Guess What These Financial Terms Mean

And got some right, kind of...

1.

What we think it means:

Eric: This is a cross between “consolation” and “validation.” Someone consoles you when you lose all your money, but validates you by patting you on the back while they take it.

Jake: No, this has nothing to do with money. This is when you grab all the dirty clothes around your room and shove them under the bed for peace of mind.

Ashley: Or just bury them in your backyard.

Here is what it actually means.

2.

What we think it means:

Jake: It's a cute little hat that you can wear while judging people.

Ashley: Or, like, a hat that helps you think about numbers better.

Eric: This is what you do to stop things from being overrated. So, like, Radiohead needs a rate cap.

Hannah: This is what your banker uses to hit on you. They're like, “Would you like to come back to my place for a rate cap?”

Here is what it actually means.

3.

What we think it means:

Ashley: This seems quite discriminatory actually. Like…a fee you have to pay if you’re *different*?

Hannah: Right? Or this sounds like a fake fee a used car salesman tries to get you to pay, “No, dude, since you’re not the ORIGINAL owner, you need to pay origination fees. So it’s originated. It’s pretty technical, don’t worry about it.”

Jake: This is a baby tax.

Here is what it actually means.

4.

What we think it means:

Jake: This is the name of a troll who collects the baby taxes.

Ashley: Or a special fee that librarians have to pay.

Hannah: This sounds like Latin… Is this just a snooty way of saying “free”? As in, “Libor samples of the beluga!”

Here is what it actually means.

5.

What we think it means:

Ashley: Financially speaking, I guess this is when the head of a school is debating whether to create an arts curriculum or fund sports. And it’s all based on his or her interests.

Eric: The principal is like the doughnut you bought, and you were all, “Cool doughnut.” The interest is the flesh-eating virus that came with the doughnut that no one really explained to you.

Here is what it actually means.

6.

What we think it means:

James: This is an interest rate that has been removed of sexual organs so it can no longer spray on the back porch.

Ashley: Finance shouldn’t be TOO interesting, so they gotta fix it to be normal.

Hannah: This is when you get your credit card bill and you cross out all the interest you owe and forget about it forever.

Here is what it actually means.

7.

What we think it means:

Eric: If you’re in the biz, you call this “refi.” Like, "Hey, Colin. Are you gonna 'refi' your yacht?” I do not know what it means beyond that.

Hannah: When you ask your parents if they’ll pay for grad school. "Will you guys please finance my education again?”

Here is what it actually means.

8.

What we think it means:

Jake: This stands for Annoying Pennies #RealPeopleDon’tUse.

Ashley: Or, maybe Average Price Range?

Eric: I know the “AP” is Associated Press, but I’d be guessing on the “R.” I’m gonna guess “restroom.” An APR is a restroom only AP reporters can use.

Here is what it actually means.

9.

What we think it means:

Ashley: Never ever ever paying for your loans because you can’t. ;_;

James: Yep, this is the financial equivalent of saying, "Not today, Satan."

Hannah: Yeah, it's like the British way of saying it, or something.

Here is what it actually means.

10.

What we think it means:

Eric: This is a golden ticket that you can find in a chocolate bar that converts all your debt into income. It’s v rare.

James: Your debt is what you owe. Your income is what you earn. A ratio is something about math.

Jake: That makes it sounds like a sad number that would probably make me want to take a nap.

Here is what it actually means.

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