M
money that is put into an account
Deposit
payments for goods and services
expense
money paid regularly at a percentage rate for the use of money loaned or deposited into a savings account
interest
a card that can be used to borrow money from a financial institutions, stores or other businesses in order to buy products and services, and pay for the cost later.
credit card
a monthly or yearly spending and savings plan for an individual, family, business, or organization
budget
money earned or received
income
to take money OUT of an account
withdraw
the amount of money collected by a store, in addition to a good or service, for the local government as required by the law
sales tax
an ID cards that is issued by a bank and allows users immediate use of money in their bank account. Usually has a PIN to keep it safe.
Debit Card
an expense that changes every month
variable expense
a specific time or instance that money changes hands.
transaction
a written document telling the financial institution to pay a specific amount of money from your account to a specific person or organization
check
money paid to the government in exchange for public "free" services such as road maintenance and police protection.
tax
an expense that stays the same each month
fixed expense
to take out or subtract (Taxes or ______________ from your salary)
deducted
money paid by an employee to the federal government base on an individual's income as required by law
income tax
a tax on a real estate, land and other personal property by local government.
property tax
to reconcile your budget or account statement with your check register to make sure the records match and are accurate
balance
the total amount of personal income prior to taxes and deductions
gross income
payments using security features on the internet
Electronic Payment OR e-payment
a financial institution that will accept deposits and grant loans.
is a legal status that a person or entity can enter when they're unable to repay their debts.
bankruptcy
money that is borrowed from a person or business (such as a bank) and is expected to be paid back with interest
loan
money put into a business. This money can increase over time if the business does well, but money can by lost if the business does not do well
investment
to do something once a year
annual