Orange and Pink Vocab Review

Front

Transfer of money between bank accounts via computer systems without bank staff intervention.

Back

Electronic transfer

Front

Tax levied by the IRS on annual earnings of individuals, corporations, trusts, and other entities.

Back

Federal taxes

Front

Court order to seize third-party money (like wages) to satisfy a debtor's debt.

Back

Garnishment

Front

Document showing earnings and deductions with each paycheck.

Back

Paycheck stub

Front

Direct tax on income by a state

Back

State taxes

Front

Fixed regular payment made by an employer to an employee.

Back

Wages

Front

Federal Deposit Insurance Corporation insures deposits in U.S. banks during failures.

Back

FDIC

Front

Entity acting as a middleman in financial transactions (e.g., banks, mutual funds).

Back

Financial intermediaries

Front

Minimum dollar amount needed in an account for service benefits.

Back

Minimum balance required

Front

Ability to turn an asset into cash

Back

Liquidity