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50 Cards in this Set
- Front
- Back
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Debit card |
a card that allows the user to subtract money from a bank account. |
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endorsement |
a signature on the back of a check that entitles the payee to either receive it or transfer it. |
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PIN |
Personal Identification Number, a secret code giving you access you your account. |
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Interest |
A fee paid for the opportunity to use someone else's money. |
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Fixed Expenses |
are regular payments that don't very in amount |
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Liabilities |
Debts or obligations owed to others |
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Assets |
Items of value that you own, including money |
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Budget |
a plan for spending and saving your money |
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Net Worth |
the difference between your assets and liabilities |
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Salary |
is a set amount of money earned by an employee per year |
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Gross pay |
is the total amount of money earned for working during pay period |
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Net worth |
is the amount of pay an employee is left with after deductions |
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Dependent |
is someone who is supported by a tax payers income |
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import |
A product brought in for sale from a foreign country |
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Export |
A product set to a foreign country for sale |
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recession |
is a period of significant decline in the economy |
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Inflation |
is a general prolonged rise in the of goods and services |
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Budget deficit |
budget deficit |
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National Debt |
the total amount of money that the federal government owes |
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Economics |
is the social science that examines how societies use scarce resources to produce and distribute goods and services |
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supply |
is the quantity of a particular product that producers are able and willing to make available for sale. |
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Tax |
is a required payment to a local, state, or national government. |
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Demand |
the quantity of a particular good or service that consumers are willing and able to buy at a given price. |
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Economic System |
the way a society uses resources to satisfy its peoples needs and wants |
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Revenue |
money collected by the government for public use |
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Capital |
refers to machines and technology used in the production of goods and services. |
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Aptitudes |
natural talents |
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Interveiw |
a formal meeting that employers use to evaluate potential employees. |
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Career |
a series of related jobs or achievements through which a person progresses in a particular field. |
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Work Ethic |
is a sense of responsibility to do a well job |
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Resume |
resume |
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citizenship |
the way you respond to being a member of the community or other groups |
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ethics |
guidelines for human behavior based on principals about what is wrong or right. |
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Bias |
is a preference that might prevent impartial judgement |
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Family Life Cycle: |
family life cycle |
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Credit Score |
a numerical rating based on credit report information that represents a persons level of credit worthiness |
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Identity theft |
the illegal use of an individuals personal information |
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Social Security Number |
the unique nine digit number used by the social security administration. |
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Discretionary Expenses |
expense categories that are not absolutely necessary |
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impulse purchases |
A purchase made on a whim, with out planning. |
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Variable expenses |
expenses that normally increase or decrease |
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Cosigner |
a person with a strong established credit history who signs the credit history who signs the credit application and contract along with the borrower. |
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North American Free Trade Agreement |
a wide ranging regional trade agreement between the US, mexico, and Canada. |
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Gross Domestic Product |
gross domestic product |
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standard of living |
standard of living |
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Delinquent |
over due payments |
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Lein |
a claim upon property to satisfy debt |
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Credit |
is the supplying of money, goods, and services at present in exchange for the promise of future payment. |
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Collateral |
the property that is pledged to guarantee repayment |
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ceditor |
business or organization that extends the credit |
