Banking and Financial Terms

income

• the money people earn for their work based on the value they bring to the business

• a type of tax imposed on earnings

• the total amount of money spent by a business

• the profit made after all expenses are deducted

paycheck

• a check received for work completed.

• a document showing the hours worked by an employee.

• a form used to apply for a job.

• a summary of an employee's performance review.

endorse

• to write a signature on the back of a check

• to approve or support something

• to reject or deny a proposal

• to transfer ownership of an item

direct deposit

• an electronic transfer of money from one account to another; often used by employers to pay employees

• a physical check issued by an employer

• a cash payment made directly to an employee

• a bank loan given to employees for personal use

deposit ticket

• a written record of money put into a bank account

• a form used to withdraw cash from an account

• a receipt for a loan payment

• a statement of account balance

money tracker

• A tool for recording money put into (deposited) or removed from (withdrawn) an account

• A device used for counting physical currency

• An application for budgeting and expense tracking

• A method for investing in stocks and bonds