Chapter 4
A ______ is money paid to the Local, state, or Federal Gov't.
What is Tax?
To take money out of an account ____.
What is to Withdraw?
Money in bills or coins is called ____.
What is Currency?
A card that allows you to buy items now and pay for them later ______.
What is a Credit Card?
To let someone borrow something, such as money, money that is borrowed ______.
What is a Loan?
____ is the amount of money received after deductions have been taken.
What is Net Pay?
To put money into an account _____.
What is to Deposit?
A paper you fill out when you put money into an account is a ____.
what is a Deposit Slip?
The most money you can borrow on a Credit Card ____.
What is a Credit limit?
A set amount of time _____.
What is a Term?
An ____ is a reduction in your income tax for each person you support, including yourself.
What is an Exemption?
A piece of paper that orders a bank to pay money from an account ____.
What is a Check?
A paper you fill out when you take money out an account is a ____.
What is a Withdrawal Slip?
A person who applies with you for a Credit Card Account ____.
What is a Co-Applicant?
A LOAN used to buy a HOME _____.
What is a Mortgage?
The amount of money earned by an employee is ____.
What is Gross Pay?
The amount of money in a bank account _____.
What is Principal?
A ____ is a card with the Name, Address, and Authorized Signature of an account holder.
What is a Signature Card?
The amount of a return or payment on a monthly statement _____.
What is Credit?
Something of VALUE used as Security for a loan _____.
What is Collateral?
A ____ is a savings and loan business that offers services to company employees or other groups.
What is a Credit Union?
Interest on the Principal ONLY _____.
What is Simple Interest?
A booklet used to keep track of the balance when a check is written or a deposit or withdrawal is made from an account ____.
What is a Check Register?
The amount you can still charge on your credit card; The difference between the credit limit and balance on your account _____.
What is Available Credit?
To show you are able to take on a Responsibility, Job, or Task, Such as repaying a loan _____.
what is to Qualify?