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50 Cards in this Set
- Front
- Back
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Ability |
Being able to complete tasks |
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Account Number |
The special identification number you are given when you open a checking, or savings account |
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Action Verbs |
Verbs used in writing of cover letters and resumes to describe your performace(s) |
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APR |
Interest costs on each dollar of credit for one year |
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Asset |
Something of monetary value owned by an individual or an organization |
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Balance |
The amount of money in your checking account and your savings account activity |
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Bank Statement |
The bank's record of your checking account and your savings account activity |
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Bankruptcy |
Legal process that allows debtors relief from their debts |
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Benefits |
Bonuses, commmissions, tips, contributions to retirement plans, holiday and sick days, insurance and other cash payments to employees |
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Budget |
A means of tracking an individual's income and expenses |
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Cancelled Check |
A check that you have written that has been paid by the bank |
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Career |
An occupation or profession followed as a life's work |
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Cash Advance |
To obtain money, specifically cash, from a credit card |
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Check Register |
A record of all the checks you have written to, dates, and amounts |
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Closed-Ended Credit |
Covers a specific purchase and usually requires a down payment |
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Collision |
A type of insurance that protects the property of the driver caused by a collision or roll-over accident |
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Commercial Credit |
Credit used for business purposes |
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Comprehension |
A type of insurance that covers damages from causes other than car collision |
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Consumer Credit |
Credit used for personal purpose |
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Cover Letter |
A letter that introduces you to the employer |
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Credit |
The ability to obtain goods or services before payment, based on the trust that payment will be made in the future |
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Credit Card |
Plastic encoded card that allows you to charge personal items on a line of credit |
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Debt |
Something, typically money, that is owed or due |
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Debit Card |
A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase |
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Deductible |
"Out of pocket" amount the insured person pays |
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Dependent |
A person, such as a child, or a spouse who is not working; you are responsible for |
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Deposit |
To put money in your bank account |
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Deposit Slip |
The form you complete to put money in your account |
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Depreciation |
A decrease in value |
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Disclosure |
Information supplied by the credit agency regarding terms, fees, interest rates |
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Down Payment |
Immediate cash payment for a portion of the cost |
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Earnings |
Money obtained in return for labor or services |
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EEOC |
Equal Employment Opportunity Commission- a federal employment organization that makes sure employers follow and abide by rules set by the Civil Rights Act |
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Employee |
A person who works for others |
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Entrepreneur |
A person who works for themselves |
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Environment |
Where most of the job will take place- outdoors, indoors..... |
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Exemption |
The process of making a person immune from paying taxes on a specified amount of income for themselves and their dependents |
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Expense |
Money that you spend |
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Federal Income Tax |
FIT- tax that has been deducted from your gross pay |
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Fee |
Money charged by a person or company for supplying credit |
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FICA |
Social security taxes with held from your gross pay |
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Finance Charges |
Fees for credit use, includes late payment fees, over limit fees, transaction fees, bad check fee, interest and annual fees |
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Financial Institution |
Refers to a bank or other leading company |
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Fixed Interest |
When the interest percentage doesn't change over term of installment |
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Follow-up Letter |
A thank you letter to the interviewer |
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Goals |
A mark set as a limit to reach |
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Grace Period |
The time you have to repay the credit borrowed with out having to pay any interest- usually 30 days |
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Gross Pay |
The amount you have earned before deductions are taken out |
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Hem |
A stitch at the bottom of a garment to finish the edge |
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Holland Code |
A system of placing people's interests into groups- developed by Dr. John Holland |
