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avid > vocab words > Flashcards

vocab words Flashcards

(18 cards)

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1
Q

salary definition

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

time in excess of a set limit: such as

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6
Q

atm debit

A

technology tht sends money from ur bank

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7
Q

credit/credit card

A

purchases on credit

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8
Q

credit limit

A

the most money u can get for a loan

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9
Q

credit rating

A

ur grade or score on loans

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10
Q

account balance

A

how much money in ur bank acc

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11
Q

principle

A

the important thing

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12
Q

interest

A

how much someone profits

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13
Q

debt

A

how much u owe

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14
Q

checking acc

A

a bank someone can deposit from checks

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15
Q

saving acc

A

an acc interest is paid

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16
Q

401(k)

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A

retirement acc

17
Q

apr

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A

annual percentage rate

18
Q

mortgage

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A

loans u have to pay off

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