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Unit 3 Lesson 1 Voca
| Term | Definition |
|---|---|
| Wage | a fixed regular payment, typically paid on a daily or weekly basis, made by an employer to an employee, especially to a manual or unskilled worker. |
| Soft Skills | personal attributes that enable someone to interact effectively and harmoniously with other people. |
| Net Pay | take-home pay or the amount employees earn after all payroll deductions are subtracted from their gross pay. |
| Return on Investment | Return on investment or return on costs is a ratio between net income and investment. A high ROI means the investment's gains compare favourably to its cost. |
| Work Study Program | relating to a college program that enables students to work part-time while attending school. |
| Salary Job | someone who receives a fixed amount of pay regardless of how many hours they work each week. |
| Benefits | an advantage or profit gained from something. |
| FAFSA | The Free Application for Federal Student Aid is a form completed by current and prospective college students in the United States to determine their eligibility for student financial aid. |
| Subsidized Loan | do not accrue interest while you are in school at least half-time or during deferment periods. |
| Economic Stability | Economic stability is the absence of excessive fluctuations in the macroeconomy. An economy with fairly constant output growth and low and stable inflation would be considered economically stable |
| Career Incentives | monetary or non-monetary (but still tangible) rewards, like points or gift vouchers, designed to motivate and engage employees. |
| 529 Account | A 529 plan, also called a Qualified Tuition Program, is a tax-advantaged investment vehicle in the United States designed to encourage saving for the future higher education expenses of a designated beneficiary. |
| Unsubsidized Loan | loans for both undergraduate and graduate students that are not based on financial need. |
| Economic Mobility | Economic mobility is the ability of an individual, family or some other group to improve their economic status—usually measured in income. Economic mobility is often measured by movement between income quintiles. |
| Gig Economy | a labor market characterized by the prevalence of short-term contracts or freelance work as opposed to permanent jobs. |
| Disposable Income | income remaining after deduction of taxes and other mandatory charges, available to be spent or saved as one wishes. |
| Grant | a sum of money given by a government or other organization for a particular purpose. |
| Debt Ratio | Debt ratio is a financial ratio that indicates the percentage of a company's assets that are provided via debt. It is the ratio of total debt and total assets |