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Key Terms

Labor "Labor" is how much a person works. It is the use of time and exertion of effort to produce something of value. Generally speaking, the more valuable a person's labor is, the higher their wage.
Understanding Credit Score
Mortgages for Dummies
What is an IRA?
Bankruptcy

About Kevin Smith

Kevin is the content manager for Personal Finance Lab and is from Chicago, Illinois. He has a Master's Degree in Economics from Concordia University in Montreal, Canada. In addition to an economics background, he has also built training manuals to prepare finance companies for licensing requirements in mortgage loan origination and insurance sales.