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finnancialmanagement
vocab
Term | Definition |
---|---|
wants | but desired |
deductions | are listed on the paycheck stub |
paycheck stub | lists the total amount of money you earned |
gross pay | the total amount you earn for a peoriod of time |
net pay | the gross pay minus the dedusomething unnececary ctions |
exemption | reduces the amount of income |
basic checking | you are charged a fee for every check |
minumum-balance checking account | you earn intrest and are allowed to write checks |
intrest-bearing checking account | you earn intrest and allowed to write checks on the same account |
blank endorsement | states what is to be done with the check |
restrictive endorsement | states what is to be done with the check |
bank statement | is a record of the checks |
atm | gives money |
debit cards | transfur money |
smart card | is now being used |
preauthorized transfer | is a method of transfer |
telephone transfers | are used by consumers |
eft act | functions to protect and inform |
propety records | includ real estate records |
house hold innvetory | a list of personal property |
personal records | includ personal doccuments |
safe deposit box | a rental box in a fire proof vault |
budget | reffured as spending plan |
income | includ the money you earn |
fired express | when express occures usualey |
flexibal express | expenses that vary both in an amount |