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A paper or electronic document used to record both planned and actual income and expenditures over a period of time. |
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The total amount of money earned during a pay period before payroll deductions. |
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Income and Expense statement |
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Income: A financial statement that measures a company's financial performance over a specific acounting period.
Expense: A report that tracks expenses incurred during the courses of performing necessary job functions. |
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An arrangement between an individual and an insurance company to protect the individual against risk. |
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The charging of real (or personal) property by a debator to a creditor as sercurity for a debt (especually one incurred by the purchase of the property), on the condition that it shall be returned on payment of the debt within a certain period. |
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The positive amount of money remaining after subtracting expenses from income. |
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The amount of an individual's take-home pay after taxes and other deductions have been taken out. |
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The negative amount of money remaining after subtracting expenses from income |
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Portion of current income not spent on consumption. |
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Everything a person owns with monetary. |
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Securities designed to generate profits. |
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Debts or what is owed to others. |
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The amount for which something can be sold on a given market. |
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An asset such as cash, accounts receivable, or a note receivable where the amount is a fixed, stated amount. |
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The amount of money left when liabilities are subtracted from assets. |
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Statement of Financial Position |
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Reports the amounts of assets, liabilities, and net assets as of a specified date. |
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An asset that has a material or physical form - anything that can be touched. |
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Measurement of how much a person or household owns once all debts have been paid. |
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A group of people living in the same place or having a particular characteristic in common. |
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Money derived from paid work. |
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Taxes paid when parchases are made on a specific good, such as gasoline. |
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Tax levied by a government directly on income, especially an annual tax on personal income. |
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Taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff. |
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A levy on property that the owner is required to pay. |
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A tax on sales or on the receipts form sales. |
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Citizen charges by local, state and federal governements. |
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Income from investments tather than from work. |
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An electronic banking outlet, which allows customers to complete basic transactions without the aid of a branch representative or teller. |
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An account at a bank against which checks can be drawn by the account depositor. |
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A bank that offers services to the general public and to companies. |
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Credit cards and debit cards, key fobs, smart cards or other devices, including smartphones and other moblie divices, that use radio-frequency indentification (RFID) or near field communication (NFC) for making secure payments. |
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A nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates. |
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A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase. |
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a financial institution in the United States (such as a savings bank, commercial bank, savings and loan associations, or credit unions) that is legally allowed to accept monetary deposits from consumers. |
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Money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt. |
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The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding. |
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refers to the use of a smartphone or other cellular device to perform online banking tasks while away from your home computer, such as monitoring account balances, transferring funds between accounts, bill payment and locating an ATM. |
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refers to banking services where depositors can manage more aspects of their accounts over the internet, rather than visiting a branch or using the telephone |
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a bank account that earns interest. |
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As long as the specific depository instuon is insured and you stay within the coverage. |
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