Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Unit 3 Vocabulary
| Term | Definition |
|---|---|
| Wage | wage is money paid to an employee by their employer for labor completed over a certain amount of time. |
| Soft Skills | To succeed in finance, additional so-called "soft skills" are needed. These include the capacity for selling, interpersonal and communication skills, as well as the ability to function in the high-tech workplace of today. |
| Net Pay | After all payroll deductions, an employee's real take-home pay is known as net pay. |
| Return on Investment | an evaluation of an investment's financial worth in relation to its cost. |
| Work Study Program | Work-study is a sort of federal financial aid that enables students to work part-time while attending classes if they can prove they have a need for it. |
| Salary Job | someone who, regardless of the number of hours they put in each week, is paid a set salary. |
| Benefits | a person's capacity for cost-effective budgeting, better rates of retirement savings, and the ability to make wise investment decisions that will support the achievement of their financial objectives. |
| FASFA | The official application for federal financial help to cover college costs is the Free Application for Federal Student help, or FAFSA. Many states, certain colleges, and universities also use it when deciding who gets financial help. |
| Subsidized Loan | loans for undergraduate students who qualify based on their cost of attendance less their estimated family contribution and other financial aid. |
| Economic Stability | Your financial condition gives you a sense of security. |
| Career Incentives | something that motivates a person, group, or career to act or accomplish. |
| 529 Account | a tax-advantaged savings strategy intended to assist with college costs. |
| Unsubsidized Loan | loans that are not based on financial need are available for graduate and undergraduate students. |
| Economic Mobility | Economic mobility refers to how a person's financial situation evolves through time. |
| Gig Economy | a labor market where independent contractors and freelancers are more frequently used to cover temporary and part-time jobs than full-time permanent workers. |
| Disposable Incomes | the amount of money that a household or individual must save or spend after income taxes have been taken out |
| Grant | a sum of money, often known as financial help, that is provided by a government, institution, or individual for a certain purpose. |
| Debt Ratio | divided by your total monthly income, all of your monthly debt payments. |
Created by:
benjaminum
Popular Economics sets