Income
This is borrowing money to buy a product and promising to pay the amount back later with interest
What is Consumer Credit?
This is the form you fill out when you put money into your account
What is a Deposit Slip?
Amount of money that can be charged to a credit card
What is Credit Limit?
The money that you got paid before the government takes out taxes.
What is gross pay?
A legal proccess to get out of debt .
What is bankruptcy?
This is money earned from working
What is Income?
All checking account transactions should be kept in this.
What is a Check Register?
Money paid by a borrow for use of credit or money or money earned from loaning money.
What is Interest?
Your money after they take out the taxes.
What is net pay?
Theft that occurs when someone uses your personal information without permission
What is identify theft?
When considering whether or not to buy a product, this is how well put together a product is and how well it will hold up.
What is Quality?
Reconciling all purchases on a checking account at the end of the month.
What is Balancing a checkbook?
This is a tangible asset that is used to secure a loan.
What is collateral?
You are paid it for working more than your normal hours
What is overtime?
Penalty for making a payment after the due date
What is late fee?
This is income paid according to sales.
What is Commission?
This is the line on a check where you write who the check is for.
What is "Pay to the Order Of"?
Ranges from 300-850
What is a credit score?
It is the number of pay periods in a year if you are paid bi-weekly
What is 26?
APR stand for
What is annual percentage rate?
Income received by a government from taxes and non-tax sources
What is Revenue?
This is the first set of numbers on the bottom of a check
What is the Routing Number?
Person responsible for the repayment of a loan if the original party does not pay.
What is a Cosigner?
Items that are subtracted from your paycheck.
What are deductions?
The amount of money originally borrowed in a loan.
What is principal?