7. Government & Regulations
A law requiring that men and women receive equal pay for equal work.
Equal Pay Act
Money left over after all expenses are paid.
Profit
A person who can speak about your qualifications, work habits, and character to a potential employer.
Reference
A card that deducts money directly from a checking account for purchases or ATM withdrawals.
Debit Card
Something you desire but do not need to survive.
Want
A federal agency that regulates food, drugs, cosmetics, and medical devices for safety.
FDA (Food and Drug Administration)
The quantity of goods or services businesses are willing to provide at a certain price.
Supply
A written introduction accompanying a resume that explains why you're a strong candidate for the job.
Cover Letter
A monthly report from the bank summarizing account activity.
Bank Statement
Something essential for survival (food, shelter, clothing).
Need
A federal agency that ensures safe and healthy working conditions.
OSHA (Occupational Safety and Health Administration)
The quantity of goods or services consumers are willing to buy at a certain price.
Demand
A document summarizing your education, experience, skills, and accomplishments for potential employers.
Resume
Money set aside for future use rather than spent.
Savings
The person who receives insurance benefits (such as life insurance payout).
Beneficiary
A federal agency that regulates environmental protection, including air and water quality.
EPA (Environmental Protection Agency)
A general increase in prices and fall in purchasing power over time.
Inflation
A person who borrows money or uses credit.
Debtor
A savings product where money is deposited for a set period in exchange for higher interest.
Certificate of Deposit (CD)
A medical condition that existed before a person obtained insurance coverage.
Pre-existing Condition
Department or function that manages hiring, training, compensation, and employee relations.
Human Resources
A severe and long-term downturn in economic activity.
Depression
When a lender takes back property if the borrower fails to make payments.
Repossess
Life insurance coverage for a specific period of time.
Term Insurance
A period of economic decline lasting at least six months.
Recession