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46 Cards in this Set
- Front
- Back
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Frugal
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To reuse, or save money cheaply.
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Nonchalant
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Feeling or appearing casually calm and relaxed
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Interest
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Money gained on top of money.
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Budget
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A limit to money someone is allowed to.
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Federal Reserve
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The federal banking authority in the US that performs the functions of a central bank
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Check Features
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Sub heading, logo/ business design, imprint area, and check number, bank information, routing/transit number, account number, optional text number, extra signature line.
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Credit card
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A plastic card issued by a bank, business, etc., for the purchase of goods or services on credit
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Debit card
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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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PIN #
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personal identification number: a number you choose and use to gain access to various accounts
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ATM
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Automatic Teller Machine
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Cash Advance
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advance: an amount paid before it is earned
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Credit limit
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A credit limit is the maximum amount of credit that a financial institution or other lender will extend to a debtor
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Grace period
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Amout of time you have to start paying back money.
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Minimum payment
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This is the smallest amount an employer is allowed to pay into a contracted out money purchase scheme
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Credit Score
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is a numerical expression based on a statistical analysis of a person's credit files, to represent the creditworthiness of that person
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Importance of score
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It is imporant because it will follow you forever, and determine if you are worthy of loans.
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Credit report
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a record of an individual's or company's past borrowing and repaying
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Credit history
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a record of an individual's or company's past borrowing and repaying
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Reporting agencies
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law enforcement agency
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Credit
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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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Grant/Schlorarship
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A sum of money given by an organization, esp. a government, for a particular purpose
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Renting
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1.Pay someone for the use of (something, typically property, land, or a car).
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Mortgage
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The charging of real (or personal) property by a debtor to a creditor as security for a debt
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Lease
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A contract by which one party conveys land, property, services, etc., to another for a specified time
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Depreciating Asset
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Something you buy, and goes down in value.
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Appreciating Asset
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Something you buy, and increases in value.
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Down payment
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Down payment (or downpayment) is a term used in the context of the purchase of expensive items
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Federal Income Tax
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An income tax is a tax levied on the income of individuals or businesses
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Capital gains
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A profit from the sale of property or of an investment
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State income tax
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State income tax is an income tax in the United States that is levied by each individual state
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Sales tax
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A tax on sales or on the receipts from sales
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IRS
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Internal Revenue Service
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April 15th
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Tax returns.
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Tax refund
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A tax refund or tax rebate is a refund on taxes when the tax liability is less than the taxes paid
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Claim
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State or assert that something is the case, typically without providing evidence or proof
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Deductible
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Able to be deducted, esp. from taxable income or tax to be paid
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Types of insurance
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In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss
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Insurance coverage
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coverage: the total amount and type of insurance carried
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Social security #
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A number in the format 000-00-0000, unique for each individual, used to track Social Security benefits
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Security
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The state of being free from danger or threat
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Bond
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money you loan to a business and get a higher amount paid back.
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Stock/shares
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An investment with a company.
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Dividends
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2.A payment divided among a number of people, e.g., members of a cooperative or creditors of an insolvent estate
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Diversity
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A range of different things
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DOW
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The Dow Jones Industrial Average (DJIA), also referred to as the Industrial Average
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Stockbroker
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A license business man, who markets.
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