A | B |
Credit Union | Customers become members to get finacial services. |
Commercial bank | Bank that serves the needs of businesses. |
Stock | A share of ownership in a corporation that can be traded. |
Bond | A loan certificate that is like an IOU. |
Interest | A fee paid for borrowed money, or on money in a bank account. |
Debit card | A card that lets you use your checking account electronically. |
Credit card | A card that allows you to borrow money to make purchases. |
Mortgage | A loan made to purchase a home. |
Income Tax | Taxes deducted directly from earnings. |
Net income | Earnings remaining after taxes are paid. |
Taxes | Financial charges people pay to support public spending. |
Insurance | A financial service paid for to cover possible losses. |
Profit | Money made that exceeds the costs of producing something, or money made above the cost of an investment. |
Gross income | Income made before taxes are deducted. |
Credit rating | A score that represents how worthy a person is to get credit. |
Investment | Income that is set aside now to produce additional income later. |
Budget | An organized plan of spending, saving, and investment. |
Consumer | One who uses products and sevices. |
Entrepreneur | One who takes risks to start new businesses. |
Industry | Manufactures raw materials into finished products. |