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5th Stack

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Term
Definition
Expense   Money spent.  
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Gross Income   An individual's income earned as salary or wages before taxes and other deductibles.  
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Income   Money received.  
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Income and Expense Statement   Lists and summarizes income and expense transactions that have taken place over a specific period of time, usually a month or year.  
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Insurance   A product that transfers risk from an individual to an insurance company or organization.  
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Mortgage   A payment, usually monthly, applied to the balance of a home loan used when purchasing housing.  
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Net Gain   When income is greater than expenses.  
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Net Income   Take home pay  
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Net Loss   When expenses are greater than income.  
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Savings   The portion of current income not spent on consumption.  
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Wages or salary before deductions   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.  
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Commissions   An instruction, command, or duty given to a person or group of people.  
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Tips   A piece of advice or expert or authoritative information  
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Bonuses   An amount of money added to wages on a seasonal basis, especially as a reward for good performance.  
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Tax Refunds   The difference between taxes paid and taxes owed.  
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Interest Earned   An amount earned by a company on its interest bearing bank accounts or other investments.  
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Investment Earnings   Income coming from interest payments, dividends, capital gains collected upon the sale of a security or other assets, and any other profit that is made through an investment vehicle of any kind.  
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Sales of Assets   The compensated distribution of valuable property that can be tangible or intangible.  
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Money from savings   An amount of money you get from saving.  
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Money from Investments   An amount of money you get from making investments.  
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Scholarships/grants from non-government sources.   Scholarships and grants that come from non-government funded sources.  
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Money from others   Money borrowed as unsecured loans, or contributed by smaller stockholders.  
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Child Support   Court-ordered payments, typically made by a noncustodial divorced parent, to support one's minor child or children.  
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Scholarships/grants from government sources   A financial award given by the federal, state or local government to an eligible grantee.  
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Government programs such as Social Security and worker's compensation   Programs and activities sponsored or administered by local, state, or national governments.  
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