MONEY VOCABULARY BY:

Sarah Siebert

CREDIT

THE ABILITY OF A CUSOMSTER TO OBTAIN GOODS OR SERVICES BEFORE PAYMENT.

DEBIT

AN ENTRY RECODRING AN AMOUNT OWNED.

GROSS PAY

THE TOTAL AMOUNT OF MONEY YOU RECIVE BEFORE TAXES

NET PAY

NET PAY IS THE AMOUNT OF PAY REMAINING ISSUANCE TO AN EMPOLYEE

FIXED EXPENSES

FIXED EXPENSES OR COSTS THAT DO NOT FLUCTUATE WITH CHANGES IN THE PRODUCTION LEVEL AND SALES VOLUME

VARIABLE EXPENSES

THE VARIABLE EXPENSES CHANGES THE PRODUCTS OR SERVICES

CONSUMABLE GOODS

CONSUMABLES ARE PRODUCTS CONSUMERS USED RECURRENLTY

DURABLE GOODS

DURABLES GOODS ARE PRODUCTS THAT DO NOT HAVE TO BE PURCHASED FREQUENTLY

FICA

THE FEDERAL INSURANCE CONTTRIBUTIONS IS THE FEDRAL LAW THAT REQURIES THREE SPEATRE TAXES

DISCRETIONARLY EXPENSES

THE DISCRETIONARLY EXPENSES IS THE COST WHICH IS NOT ESSENTIAL FOR THE OPERATION OF HOME OR BUSINESS

BUDGET

BUDGET IS THE ESTIMATE OF INCOME AND BUDGET IS THE PROCESS OF CRAETING A PLAN TO SPEND MONEY OR SAVE MONEY

CREDIT SCORE

CREDIT SCORE IS THE THREE DIGIT NUMBER CALCULATED FROM THE DATA OF A CEDIT REPORT

FINANCIAL INTSTITUTION

FINANCIAL INSTITUTION IS AN ESTABLISHED THAT CONDUCTS THE FINANCIAL TRANSACTIONS SUCH AS INVESTMENTS, LOANS, AND DEPOSITS

INTERSET

MONEY PAID REGULARY AS A PARTICULAR RATE OF THE USE OF MONEY

SALARY

SALARY IS A FIXED REGUALR PAYMENT

MORTGAGE

The changing of real property by a debtor to a creditor that shall be returned on payment of the debt in the period of time