OCCUPATIONAL BENEFITS
A retirement savings plan that offers significant tax benefits while helping you plan for the future
401K
anything that has current or future economic value to a business
Asset
a payment card that deducts money directly from a consumer's checking account when it is used
Debit Card
when money is given to another party in exchange for repayment of the loan principal amount plus interest
Loan
mandatory contributions levied on individuals or corporations by a government entity
Taxes
wages withheld from an employee's total earnings for the purpose of paying taxes, garnishments, and benefits, like health insurance
Payroll Deductions
a security that represents the ownership of a fraction of the issuing corporation
Stock
a financial liability or obligation owed by one person, the debtor, to another, the creditor
Debt
an agreement between you and a lender the right to take your property if you fail to repay the money you've borrowed plus interest
Mortgage
a form filled out by current and future undergraduate and graduate college students in the United States to determine whether they are eligible for student financial aid
FAFSA
the money that a person or entity receives in exchange for their labor or products
Income
equity ownership in a corporation or financial asset, owned by investors who exchange capital in return for these units
Share
placing money into the care of a bank or other financial institution
Deposit
the money that you originally agreed to pay back
Principal
A federal program that provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses
Work-Study Program
all the money you earn before taxes and other deductions are subtracted
Gross Income
generally operates as a substitute for cash or a check and most often provides an unsecured revolving line of credit
Credit Card
the estimated reduction in value of a fixed assets within a fiscal year
Depreciation
the ability to borrow money with the promise that you'll repay it in the future, often with interest
Credit
using your personal information-such as your name, Social Security number, or credit card number-without your permission
Identity Theft
compensation paid to employees in exchange for their time and labor
Wages
the money you have available after taxes and deductions are taken out of your paycheck
Net Income
the cash that the buyer pays upfront in a real estate transaction and other large purchases
Down Payment
the amount of money a lender will allow you to spend on a credit card or line of credit
Credit Limit
a legal proceeding initiated when a person or business is unable to repay outstanding debts or obligation
Bankruptcy