| A | B |
|---|
| Inflation | A continuous rise in the price of goods and services. |
| Inheritance | Money or other assets given to a party upon one's death, also known as a bequest. |
| Store Card | A credit card which can only be used to buy goods in one particular shop or chain of shops. |
| Human Capital | The skills and knowledge gained by a worker through education and experience. |
| Cash Card/Gift Card | A card in which money is added onto. Not redeemable for cash. |
| Cashless Society | A society where consumers rely solely on credit cards, debit cards, electronic accounts and checks. |
| Supply and Demand | An economic concept that states that the price of a good rises and falls depending on how many people want it (demand) and depending on how much of the good is available (supply). |
| Rental Income | The income received by property owners in the form of rent. |
| Barter | The direct exchange of one good for another, without the use of money. |
| Electronic Transfer | the transfer of funds from one account to another via electronic means such as the internet or telephone. |
| Debit Card | A card (usually plastic) that enables the holder to withdraw money or to have the cost of purchases charged directly to the holder's bank account. |
| Profit | A financial gain, esp. the difference between the amount earned and the amount spent in buying, operating, or producing something. |
| Upward Mobility | Movement up the social class ladder. |
| Credit Card | Allows you to automatically borrow money to pay for your purchase. You get a monthly bill which states your balance and balance due. |
| Money | Assets that people are generally willing to accept in exchange for goods and services or for payment of debts. |
| Gift | Something given to you of value. |
| Windfall Income | A sudden, unexpected income or personal gain. Examples include lottery winnings. |
| Purchasing Power | A comparison of income versus the relative cost of a set standard of goods and services in different geographic areas. |
| Check | A form of payment that you write and it comes out of your account. |
| Garnishment | A court order to an employer to withhold all or part of an employee's wages and to send the money to the court or to the person who won a lawsuit against the employee. |
| Money Order | A printed order for payment of a specified sum, issued by a bank or post office. |
