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buisness key terms

TermDefinition
interest financial instituation reward
irregular income a payment or amount of money that i unpredictable
net pay the final amount of money u get after your dedictions have been taken away
overtime working extra ours so you get paid more
PAYE pay as you earn
piece rate is when u get paid by how much u make or sell
PRSI pay related social insurance
capital expenditure spending your money on a item or product that will last a long time
expenditure money going out
false economy a product that is a good purchase in the short tern but turn out to be more expensive in the long run
fixed expenditure something you buy that stays the same price allways
impulse buying buying something in the spure of the moment
current expenditure buying something like your shopping
ATM atomated talking machine
charge card a card you can buy things on and pay for later
cheque a written instruction to a bank to pay someone else money from your account
contactless payment a easy way for paying for goods under £30 by taping
credit transfer a transfer of money from one account to another
current account a account you use everyday
CVC/CVV card verification code card verification value
direct debut it is when the account holder gives you permission to withdraw money from their account
exchange rate the price that one currence changes from one to another
internet banking online banking
lodgement is when you put money into your account
phising criminal activity online
standing order is a fixed amount coming out of an account on a regular basis
statement its a document that tells the account holder how much they have put in or taken out of there account
telephone banking banking over the phone
Created by: MCully16
Popular Business sets

 

 



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