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FM Vocab 1
| Term | Definition |
|---|---|
| Cashless Society | |
| Credit Card | |
| Debit Card | A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase. |
| Dependents | |
| Electronic Transfer | Is the electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, through computer-based systems and without the direct intervention of bank staff. |
| Exemptions | |
| Fringe Benefits | |
| Gross Income | |
| Garnishment | |
| Inflation | |
| Inheritance | |
| Human Capital | The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country. |
| IRS | |
| Money | |
| Money Order | |
| Net Pay | |
| Profit | |
| Paycheck Stub | |
| FICA Tax | |
| Treasury Department | |
| Upward Mobility | |
| Windfall Income | |
| Wage | |
| Barter |