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Careers Vocabulary

Things like credit and debt

TermDefinition
gross annual income (GAI) total pay made in one year before any deduction have been taken
gross monthly income (GMI) total amount of earnings made over a month before anything has been taken from it
net annual income (NAI) the income amount left after a year's worth of deductions have been taken
net monthly income (NMI) the amount of money left after a month's deduction has been taken
stocks a share of a corporation sold to the public
bonds an IOU issued by a company, municipality, or the federal government exchange for a loan from and investor that will be rapid with a set rate of return
mutual funds a collection of stocks or bonds of various corperations
budget a record of income and spending and a plan for managing money
credit card a card authorizing the holder to buy goods and services that can be paid for later (by now, pay later)
debit card a card that looks like a credit card but operates like cash; money is immediately subtracted from the card holders bank account (buy now, pay now)
sales tax a percentage tax imposed on the retail price of most items (A source of income for governments)
Created by: haygre2020