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Human Resources

Vocab for Human Resources

TermDefinition
Auto Insurance Protects against losses to property and injuries to people in a car accident.
ATM (Automated Teller Machine) Used to withdraw cash from a checking account.
Balance An amount available or owed on an account.
Budget Plan used to decide the amount of money to spend, and how it will be spent.
Check An order to pay another person an amount of money from your account.
Check Register Record of all deposits to and withdrawals from a checking account.
Checking Account Account where money can be withdrawn with checks or a debit card.
Cleared Check When money has transferred from the account of the payer to the payee.
Credit Card Allows you to make purchases and pay for them at a later date.
Debt The amount you owe on a loan.
Debit Card Used to make purchases with funds directly from a checking account.
Deposit Money placed into an account. Direct Deposit Paycheck that is electronically transferred into your account.
Expense Anything you spend money on.
Gross Pay The total amount of a paycheck before taxes.
Health Insurance Insurance that covers medical illness or injury.
Income Money earned through work.
Insurance A product offered by a company promising to protect you from specific financial risks.
Interest Rate The percentage cost of borrowing from someone else.
Loan Money lent to someone else in exchange for future payment.
Net Pay The amount of a paycheck after taxes are subtracted from Gross Pay.
Net Worth The combined balance of your cash and accounts.
Overdraft Credit extended from a financial institution when an account has insufficient funds. Usually results in a fee.
Paystub A document that comes with your paycheck, showing how much you were paid and how much was withheld for taxes.
Reconciliation A way to balance your account records with your bank or credit union.
Renters Insurance Covers your personal property in a rented apartment or home.
Savings Account Account for storing or saving money with limited withdrawals.
Transfer When money is moved from one account to another.
Utilities A term used to reference electric, water, gas, and other services.
Created by: I always win
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