Words that start with
A-C
A-C
The action or process of reducing or paying off a debt with a scheduled, pre-determined installments that include principal and interest
what is Amoritization
A financial liability or obligation owed by one person, the debtor, to another, the creditor
What is debt
All the money you earn before taxes and other deductions are subtracted
What is Gross income
A wage set by contract or by law as the lowest that may be paid to employees
Minimum wage
a security that represents the ownership of a fraction of the issuing corporation
what is stock
An estimate of income and expenditure for a set period of time
What is budget
A separate savings account used to cover or offset the expense of an unforeseen situation
What is Emergency fund
An asset or item acquired with the goal of generating income or appreciation
What is investment
The money that you originally agreed to pay back
Principal
mandatory contributions levied on individuals or corporations by a goverment entity
what is taxes
The ability to borrow money or obtain goods and services before payment with the promises that you'll repay it in the future, often with interest
What is credit
An expense in your budget that you can expect to stay the same, or close to it, over time
What is fixed expenses
A sum of money that one or more individuals or companies borrow from a bank or other financial institution
What is loan
Something necessary for survival or basic function
What is need
expenses that change in amount from month to month
what is variable expenses
Anything that an individual or business owns that has monetary value
What is Asset
The reduction in value of a asset over time
What is depreciation
Using your personal information- such as your name, social security number, or credit card number - without your permission
What is Identity theft
The money you may have available after taxes and deductions are taken out of your paycheck
Net income
compensation paid to employees in exchange for their time or labor
what is wages
A legal proceeding initiated when a person or business is unable to repay outstanding debts or obligations
What is bankruptcy
The cash that the buyer pays upfront in a real estate transaction and other large purchases
What is down payment
The monetary charge for borrowing, or depositing money and is usually expressed as a percentage of the amount borrowed, or deposited; a charge that borrowers pay lenders for a loan
What is interest
Wages withheld from an employee's total earnings for the purpose of paying taxes, garnishments, and benefits, like health insurance.
What is payroll deductions
things that are nice to have but are not absolutely necessary
what is wants