Pay
Bank accounts that earn interest and meant to hold funds for an extended time
What is a savings account?
A check or payment for salaries
What is a paycheck?
Take money out of an account
What is a withdraw?
Th repeating schedule that determines how frequent one is paid
What is a pay period?
Lowest amount of money required to be paid on a loan/credit card each due date
What is a minimum payment?
An account transaction that has been processed
What is a posted transaction?
A schedule of repayment between a borrower and lender
What is a payment schedule?
Pay remaining after deduction form one's gross pay
What is a net pay?
An approved transaction that may be reflected in your account's balance but hasn't been fully processed
What is a pending transaction?
Piece of paper accompanying each paycheck that lists withholdings, deductions, and net pay
What is a pay stub?
Regular payments made to labor unions to cover membership costs
What are union dues?
An account balance of less than zero
What is a negative balance?
Amount of pay held to cover unemployment tax
What are state/federal unemployment taxes?
A retirement plan designed for small buisness's so employees can save/invest
What is a SIMPLE IRA?
A fee incurred when banks cover payments that are greater than the current checking account funds
What is an overdraft fee?