Any activity or organization that produces or exchanges goods and services for a profit
What is a BUSINESS
100
The ability of a customer to obtain goods or services before payment, based on an agreement to pay later
What is CREDIT
100
Payments for goods and services
What are EXPENSES
100
A job or profession; also a category of work
What is an OCCUPATION
200
A written order to a financial institution directing the financial institution to pay a stated amount of money as instructed from the customer's account
What is a CHECK
200
Money received for work performed or from investments; may include salaries, wages, interest, dividends, etc.
What is INCOME
200
An evaluation of a borrower's ability to repay a loan based on his or her character, capacity, and capital
What is CREDIT RATING
200
Determined by the borrower's current and future earnings relative to a current debt
What is DEBT
200
A financial account into which people deposit money and from which they withdraw money by writing checks
What is CHECKING ACCOUNT
300
An arrangement by which a bank holds funds on behalf of a depositor
What is a BANK ACCOUNT
300
Tax in the form of a percent of the cost of a good or service; paid to local and state governments when goods and services are purchased
What is SALES TAX
300
Determined by the borrower's current financial assets and net worth
What is CAPITAL
300
A spending and savings plan, based on estimated income and expenses for an individual or an organization, covering a specific time period
What is BUDGET
300
A small, specially coded plastic card issued by a bank, business, etc., authorizing the cardholder to purchase goods or services on credit
What is CREDIT CARD
400
A financial institution that provides various products and services to its customers, including checking and savings accounts, loans, and currency exchange
What is a BANK
400
A sense of responsibility for doing a job well; involves reliability, punctuality, friendliness, honesty, and ability to work independently or in cooperation with others
What is WORK ETHIC
400
An indicator of how creditworthy a prospective borrower is likely to be, as determined by the borrower's handling of past debts
What is CHARACTER
400
A practice or arrangement whereby a company provides a guarantee of compensation for specified forms of loss, damage, injury, or death
What is INSURANCE
400
The electronic transfer of a payment directly from the payer's account to the recipient's account
What is DIRECT DEPOSIT
500
A monthly summary providing the status of a depositor's financial accounts
What is a BANK STATEMENT
500
One who draws upon his or her skills and initiative to launch a new business venture with the aim of making a profit
What is an ENTREPRENEUR
500
Determined by the borrower's current and future earnings relative to a current debt
What is CAPACITY
500
Something of monetary value owned by an individual or an organization
What is ASSET
500
Payments made by individuals and corporations to the federal government based on income received