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JA Finance

TermDefinition
Gross Annual Income Total Pay or earnings made over one-year without any deductions.
Gross Monthly income Total pay over a month before any deductions
Net annual Income Remaining after a years worth of deductions
Net monthly Income Remaining after a months worth of deductions
Stocks A share of a corporation sold to the public
Bonds An IOU issued by a company, municipality, or the federal government in exchange for a loan from an investor that will be repaid with a set rate of return.
Mutual Funds A collection of stocks or bonds of various corporations
Budget A record of income and spending and a plan for managing money.
Debit Card A card that looks like a Credit card but acts like cash
Credit Card A card authorizing the hold to buy goods and services that can be paid for later
Sales tax Source of revenue for most state governments
Created by: allgul20