DECA Finance Cluster (4)

Enables holder to charge expenses for purchases or to get money, often with interest.

• Financial Records

• Pay Yourself First

• Credit Score

• Credit Card

The interest paid on unpaid credit balances.

• Investment

• Taxes

• Financial Charges

• Securities Information

A written record collected by a credit agency that tracks a borrower's credit payments, whether or not the payments are made on a timely basis and how long the borrower has had various credit accounts.

• Credit Report

• Database

• Debt

• Accounting System

Employer deductions from employees' earnings to pay employees' taxes.

• Withholding

• Variable Expenses

• Annual Fee

• Reporting

The total amount of income from wages before any payroll deductions.

• Revenue

• Mutual Fund

• Budget

• Gross Income

Using income for current consumption.

• Financial Analysis

• Spending

• Investment

• Appreciation

The payment a person makes to an insurance company in exchange for its promise of protection and help.

• Savings

• Credit

• Insurance Premium

• Risk Management

The entire amount of money owned to lenders.

• Debt

• Bankruptcy

• Compliance

• Fixed Expenses

Additional benefits, beyond a paycheck, offered by employers (e.g., health insurance, retirement plan).

• Compliance Program

• Credit Rating

• Financial Resources

• Employee Benefits

The amount that credit card companies charge for the use of a credit card.

• Insurance

• Assets

• Annual Fee

• Revolving Credit