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Economic Words

List 2

TermDefinition
Deposit to put money in a bank
Direct Deposit money sent directly into a person's bank account without the use of checks or cash
Discount an amount taken off a regular price
Consumer a person who buys goods and services
Free not costing ant money
Wage an amount of money that a worker is paid (based on the number of hours that are worked)
Income money coming in (earnings or investments)
Budget a plan used to decide the amount of money that can be spent
Cost the price of something (the amount of money that is needed to pay for something)
Bank an establishment (place) deposit money or to get a loan
Job the work that a person does regularly in order to earn money
Savings an amount of money that is NOT spent or used
Tax an amount of money that is required to pay
Loan a legal arrangement when you borrow money and you are required to pay it back
Transactions deposits and withdrawls
Withdraw to take money out of your account
Price the amount of money that you pay for something or that something costs
Repo taking property from people who have stopped making their payments
IRS Internal Revenue Service
Credit money that a bank or business will allow a person to use and then pay back in the future
Financial relating to money
Interest price paid for the use of CREDIT or MONEY
Salary an amount of money that an employee is paid each year
Asset a valuable person or thing
Value the amount of money that something is worth: the price or cost of something
Credit an amount of money that is added to an account
Coupons paper certificates entitling you to a discount off of the regular of an item
Fixed Expenses cash expenses that stay relatively stable from month to month
Liabilities amounts you owe to others
Created by: davislife
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