{ "@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

Compensation received by an employee for services preformed. A salary is a fixed sum paid for a specific period of time worked , such as weekly or monthly

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2
Q

Gross income

A

Total pay before taxes and other deductions are taken out

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3
Q

Net income

A

Amount of money you receive in your paycheck after taxes and other deductions are taken out ; also called take home pay

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4
Q

Minimum wage

A

A wage set by contract or by law as the lowest that may be paid to employees

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5
Q

Overtime

A

Working time in excess of a stranded day or week

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6
Q

ATM/ Debit card

A

Stand for “Automated teller machine” a machine that lets bank customers perform basic transactions such as deposits and withdrawals

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7
Q

Credit/ credit card

A

An open ended loan that allows you to borrow money up to a certain limit and carry over an unpaid balance from month to month. There is no fixed time to repay the loan as long as you make the minimum payment due each month. You pay interest on any outstanding credit card loan balance

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8
Q

Credit limit

A

A limit set by the friends card company on how much you can charge on the card it issued to you. You can use your credit card to make purchases up to your credit li

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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 the loan

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10
Q

Account balance

A

How much money you have in an account of how much money you owe

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11
Q

Principal

A

Most important, consequential or influence

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12
Q

Interest

A

A fee for the use of money over time. It is an expense to the band revenue to the leader. Also money earned on a savings account

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13
Q

Debt

A

Money you owe to another person or business

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14
Q

Savings account

A

An account at a bank sometimes called a share savings account at a credit union) used to set aside money and that pays you interest.

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15
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

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16
Q

Apr

A

annual percentage rate

17
Q

Mortgage

A

A temporary and conditional pledge of property a creditor as security for the repayment or debt