click below
click below
Normal Size Small Size show me how
HR 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 available 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 withdraws 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| Checking Account | Account where money can be withdrawn with checks or a debit card.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 with funds directly from 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 before taxes. |
| Health Insurance | Insurance that covers medical illness or injury. |
| Income | Money earned through work. |
| Insurance | A product offered by a company promising to protect 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 cash and accounts. |
| Overdraft | Credit extended from a financial institution when an account has insufficient funds. Usually results in a fee. |
| Paystub | A document that comes with 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 money is moved from one account to another. |
| Utilities | A term used to reference electric, water, gas, and other services. |