{ "@context": "https://schema.org", "@type": "Organization", "name": "Brainscape", "url": "https://www.brainscape.com/", "logo": "https://www.brainscape.com/pks/images/cms/public-views/shared/Brainscape-logo-c4e172b280b4616f7fda.svg", "sameAs": [ "https://www.facebook.com/Brainscape", "https://x.com/brainscape", "https://www.linkedin.com/company/brainscape", "https://www.instagram.com/brainscape/", "https://www.tiktok.com/@brainscapeu", "https://www.pinterest.com/brainscape/", "https://www.youtube.com/@BrainscapeNY" ], "contactPoint": { "@type": "ContactPoint", "telephone": "(929) 334-4005", "contactType": "customer service", "availableLanguage": ["English"] }, "founder": { "@type": "Person", "name": "Andrew Cohen" }, "description": "Brainscape’s spaced repetition system is proven to DOUBLE learning results! Find, make, and study flashcards online or in our mobile app. Serious learners only.", "address": { "@type": "PostalAddress", "streetAddress": "159 W 25th St, Ste 517", "addressLocality": "New York", "addressRegion": "NY", "postalCode": "10001", "addressCountry": "USA" } }

Personal Finance Flashcards

(18 cards)

1
Q

Salary

A

Fixed compensation paid regularly for services.

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2
Q

Gross income

A

all income derived from any source except for items specifically excluded by law

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3
Q

Net income

A

the balance of gross income remaining after all allowable deductions and exemptions are taken

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4
Q

Minimum wage

A

the lowest wage paid or permitted to be paid

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5
Q

Overtime

A

working time in excess of a standard day or week

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6
Q

ATM/Debit card

A

a computerized electronic machine that performs basic banking functions (such as handling check deposits or issuing cash withdrawals a card like a credit card by which money may be withdrawn or the cost of purchases paid directly from the holder’s bank account without the payment of interest

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7
Q

Credit/Credit card

A

an amount or sum placed at a person’s disposal by a bank

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8
Q

Credit limit

A

the most money that a bank or business will allow a person to borrow

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9
Q

Credit Rating

A

a score or grade that a company or organization gives to a possible borrower and that indicates how likely the borrower is to repay a loan

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10
Q

Account balance

A

the balance due to a creditor on a current account

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11
Q

principle

A

most important, consequential, or influential

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12
Q

Interest

A

the monetary charge for borrowing money

raise of price

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13
Q

debt

A

something owed

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14
Q

Checking Account

A

a bank account against which the depositor can draw checks

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15
Q

Saving account

A

an account (as in a bank) on which interest is usually paid and from which withdrawals can be made usually only by presentation of a passbook or by written authorization on a prescribed form

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16
Q

401(K)

A

a retirement account to which employee and employer contribute, on which taxes are deferred until withdrawal, and for which the employee usually selects the types of investments

17
Q

APR

A

annual percentage rate

18
Q

Mortage

A

a conveyance of or lien against property that becomes void upon payment or performance according to stipulated terms