Save
is a financial term that means money held at a bank.
deposit
compensation for an employee's personal services whether paid by check or cash or the fair cash value of noncash payments such as meals and lodging
wage
These are costs that largely remain constant such as your monthly rent or mortgage
fixed expenses
is the price you pay to borrow money or the cost you charge to lend money
intrest
circumstances in which something is necessary, or that require some course of action; necessity.
need
removing funds from a bank account savings plan pension or trust
withdraw
refers to the money that a person or entity receives in exchange for their labor or products.
income
expenses that you can comfortably live without and is not essential for survival
want
a type of security that gives stockholders a share of ownership in a company.
stock
is the money that you originally agreed to pay back.
principal
the ability to borrow money or access goods or services with the understanding that you'll pay later.
credit
is a defined contribution plan where an employee can make contributions from his or her paycheck either before or after-tax depending on the options offered in the plan
401 k
costs that are costs that change as the volume changes
variable expenses
is an asset or item acquired with the goal of generating income or appreciation.
investment
The Free Application for Federal Student Aid is a form completed by current and prospective college students in the United States to determine their eligibility for student financial aid.
fafsa
an initial payment made when something is bought on credit.
downpayment
includes your wages dividends capital gains business income retirement distributions as well as other income
gross income
a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities.
Taxes
eepresents a unit of equity ownership in a company. Shareholders are entitled to any profits that the company may earn in the form of dividends. They are also the bearers of any losses that the company may face.
share
is a prediction of your credit behavior, such as how likely you are to pay a loan back on time, based on information from your credit reports
credit score
is a separate savings or bank account used to cover or offset the expense of an unforeseen situation.
emergency fund
income the amount an individual or business makes after deducting costs, allowances and taxes.
net
is an agreement between you and a lender that gives the lender the right to take your property if you fail to repay the money you've borrowed plus interest.
mortgage
is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts.
bankruptcy
is a spending plan based on income and expenses.
budget