what is an career
an occupation or profession, especially one requiring special training, followed as one's lifework:
define Collateral
security pledged for the payment of a loan
definition:a conveyance of an interest in property as security for the repayment of money borrowed.
what is a credit bureau
a firm that investigates the creditworthiness of and assigns a credit rating to a client's customers or potential customers.
defne Compensation
the act or state of compensating, as by rewarding someone for service or by making up for someone's loss, damage, or injury by giving the injured party an appropriate benefit.
what is a job
a piece of work, especially a specific task done as part of the routine of one's occupation or for an agreed price:
define Take-home pay
the amount of salary remaining after deductions, as of taxes, have been made.
loan
definition:the act of lending; a grant of the temporary use of something:
what is a disposable income
the part of a person's income remaining after deducting personal income taxes.
define emergency funds
An emergency fund is a stash of money set aside to cover the financial surprises life throws your way. These unexpected events can be stressful and costly. Here are some of the top emergencies people face: Job loss. Medical or dental emergency.
what is an entrepreneur
a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.
what is a financial plan
A financial plan is a comprehensive document that includes details about your cash flow, savings, debts, investments, insurance and other elements of your financial life. A good financial plan takes the stress out of setting and prioritizing goals, and maps out clear strategies for achieving them.
credit card
definition: a card that identifies a person as entitled to have food, merchandise, services, etc., billed on a charge account.
what is a lease
a contract renting land, buildings, etc., to another; a contract or instrument conveying property to another for a specified period or for a period determinable at the will of either lessor or lessee in consideration of rent or other compensation.
what are employee benefits
Employee benefits, also known as perks or fringe benefits, are provided to employees over and above salaries and wages. These employee benefit packages may include overtime, medical insurance, vacation, profit sharing and retirement benefits, to name just a few.
what are savings
tending or serving to save; rescuing; preserving.
income
definition: the monetary payment received for goods or services, or from other sources, as rents or investments.
Bank
definition: a financial institution licensed to receive deposits and make loans
define take home pay
the amount of salary remaining after deductions, as of taxes, have been made.
certificate of deposit
definition: a written acknowledgment of a bank that it has received from the person named a specified sum of money as a deposit, often for a fixed term at a specified interest rate. Abbreviation: CD, C.D.
what is an asset
items of ownership convertible into cash; total resources of a person or business, as cash, notes and accounts receivable, securities, inventories, goodwill, fixtures, machinery, or real estate (opposed to liabilities).
insurance
definition: the act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a payment proportionate to the risk involved.
bankruptcy
definition: the state of being or becoming bankrupt.
what is expenses
cost or charge:
cash flow
definition: the sum of the after-tax profit of a business plus depreciation and other noncash charges: used as an indication of internal funds available for stock dividends, purchase of buildings and equipment, etc.