Financial Management Vocab 1

Front

Fee for borrowing money

Back

Interest

Front

What does "IRS" stand for?

Back

Internal Revenue Service

Front

Money before deductions?

Back

Gross Pay

Front

Amount in paycheck after deductions?

Back

Net Pay

Front

Expense

Back

something you use or buy

Front

A "deduction" is

Back

money taken out of a paycheck

Front

ATM stands for?

Back

Automated Teller Machine

Front

Used to borrow money for immediate purchases

Back

credit card

Front

Money owed

Back

Debt

Front

Withdrawing more money than available

Back

overdraft