Vocabulary Flashcards
(17 cards)
type of degree that typically takes 2 years of school.
Associates degree
Type of degree that normally takes four years.
Bachelors degree
after completing a bachelor’s degree, you can continue on to complete a master’s program in a variety of fields.
Masters degree
a type of degree that is highly specialized in regards to a specific profession and typically takes three to five years to earn after completing your bachelor’s degree
Doctoral degree
A payment type that does not automatically draw money from your checking account. It provides a short-term loan from the credit card company
Credit card
a payment type that allows you to make purchases using money directly from your checking account
Debit card
when money is added into a bank account, also know as a ‘credit’
Deposit
the money you’re spending. This includes everything you buy, such as food, concert tickets, or even a pack of gum.
Expensives
a plan for spending or saving money that is made up of income and expenses
Budget
an expense that occurs regularly. This amount typically does not change from month-to-month.
Fixed expenses
a type of savings vehicle in which interest is earned on the deposit amount (principal). This type of account usually require a minimum balance, offer lower interest rates, and have restrictions on the number of withdrawals allowed within a given time period.
Savings account
spending that is based on the purchase decisions you make. These can
Variable expenses:
money you earn, like money you may get from your birthday or allowance from you parents
Income
positive earnings, when you have earned more in revenue than you spent on expenses
Profit
the amount of money a business makes within a specific time period, typically a month
Revenue
a fixed payment, usually paid on a weekly or bi-weekly basis that does not vary depending on how little or how much you work
Salary
amount paid based on a certain time period. You can earn a certain wage per hour, day or week.
Wage
