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Human Resource Man.
Vocabulary
| Term | Definition |
|---|---|
| Auto Insurance | protects against losses to property and injuries to people in a car accident |
| ATM (Automated Teller Machine) | used to withdraw cash from a checking account |
| Balance | an amount availiable or owed on an account |
| Budget | plan used to decide the amount of money to spend, and how it will be spent |
| Check | an order to pay another person an amount of money from your account |
| Check Register | record of all deposits to and withdrawals from a checking account |
| Checking Account | account where money can be withdrawn with checks or a debit card |
| Cleared Check | when money has transferred from the account of the payer to the payee |
| Credit Card | allows you to make purchases and pay for them at a later date |
| Debt | the amount you owe on a loan |
| Debit Card | used to make purchases wiht funds directly form a checking account |
| Deposit | money placed into an account. direct deposit |
| Expense | anything you spend money on |
| Gross Pay | the total amount of a paycheck beofre taxes |
| Health Insurance | insurance that covers medical illness or injury |
| Income | money earned through work |
| Insurance | a product offered by a company promising tonpretect you from specific financial risks |
| Interest Rate | the percentage cost of borrowing from someone else |
| Loan | money lent to someone else in exchange for future payment |
| Net Pay | the amount of a paycheck after taxes are subtracted from Gross Pay |
| Net Worth | the combined balance of your cash and accounts |
| Overdraft | credit extended from a financial instituition when an account has in sufficient funds. Usually results in a fee |
| Paystub | a document that comes wiht your paycheck, showing how much you were paid and how much was withheld for taxes |
| Reconciliation | a way to balance your account records with your bank or credit union |
| Renters Insurance | covers your personal property in a rented apartment or home |
| Savings Account | account for storing or saving money with limited withdrawals |
| Transfer | when miney is moved from one account to another |
| Utilities | a term used to reference electric, water, gas, and other services |