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Human Resources
Vocab for Human Resources
Term | Definition |
---|---|
Auto Insurance | Protects against losses to property and injuries to people in a car accident. |
ATM (Automated Teller Machine) | Used to withdraw cash from a checking account. |
Balance | An amount available or owed on an account. |
Budget | Plan used to decide the amount of money to spend, and how it will be spent. |
Check | An order to pay another person an amount of money from your account. |
Check Register | Record of all deposits to and withdrawals from a checking account. |
Checking Account | Account where money can be withdrawn with checks or a debit card. |
Cleared Check | When money has transferred from the account of the payer to the payee. |
Credit Card | Allows you to make purchases and pay for them at a later date. |
Debt | The amount you owe on a loan. |
Debit Card | Used to make purchases with funds directly from a checking account. |
Deposit | Money placed into an account. Direct Deposit Paycheck that is electronically transferred into your account. |
Expense | Anything you spend money on. |
Gross Pay | The total amount of a paycheck before taxes. |
Health Insurance | Insurance that covers medical illness or injury. |
Income | Money earned through work. |
Insurance | A product offered by a company promising to protect you from specific financial risks. |
Interest Rate | The percentage cost of borrowing from someone else. |
Loan | Money lent to someone else in exchange for future payment. |
Net Pay | The amount of a paycheck after taxes are subtracted from Gross Pay. |
Net Worth | The combined balance of your cash and accounts. |
Overdraft | Credit extended from a financial institution when an account has insufficient funds. Usually results in a fee. |
Paystub | A document that comes with your paycheck, showing how much you were paid and how much was withheld for taxes. |
Reconciliation | A way to balance your account records with your bank or credit union. |
Renters Insurance | Covers your personal property in a rented apartment or home. |
Savings Account | Account for storing or saving money with limited withdrawals. |
Transfer | When money is moved from one account to another. |
Utilities | A term used to reference electric, water, gas, and other services. |