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Careers
Term | Definition |
---|---|
Gross annual Income | Total earnings after a year without any dedutctions |
Gross monthly income | Total earnings after a month without any dedutctions |
Net Annual income | Total earnings after a year with deductions |
Net monthly | Total earnings after a month with deductions |
Stocks | Fractional ownership in a company |
Bonds | Issuer promises to pay bond buyer certain sum of money after a stated period |
Mutual funds | Professionally managed investment with money pooled from shareholders to buy stocks and bonds |
Budget | A record of income and spending and a plan for managing money |
Credit card | Card authorizing the holder to buy goods and services that can be paid later |
Debit card | Card that looks like a credit card but operates like cash |
Sales tax | A source of revenue for most state government |