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FInance Vocabulary

Total questions: 28

Worksheet time: 14mins

Name
Class
Date
1.

generous gift of money or time to a person or organization

a)

Variable Expense

b)

Charitable Donation

2.

same amount of money earned on a set interval basis, such as monthly or quarterly

a)

Fixed Income

b)

Variable Income

3.

amount of money earned is not the same each pay period

a)

Variable Income

b)

Fixed Income

4.

a bill, such as monthly rent, which is the same each month

a)

Variable Expense

b)

Fixed Expense

5.

a bill, such as a utility bill, which is a different amount each month

a)

Variable Expense

b)

Fixed Expense

6.

money without a specific purpose left over each month after all bills have been paid

a)

Discretionary Expense

b)

Variable Expense

7.

amount of a paycheck one gets to keep after taxes and other deductions are taken out

a)

Take-home Pay

b)

Variable Income

8.

strong, usually irresistible, impulse to perform an act against a person’s usual behavior

a)

Compulsive Behavior

b)

Impulse

9.

sudden, involuntary inclination prompting one to take an action which is not well thought-out

a)

Charitable Donation

b)

Impulse

10.

schedule of recurrent times in any regular system of preparing or sending bills

a)

Billing Cycle

b)

Payment Schedule

11.

(a business or institution) initiated or operated for the purpose of making a profit

a)

For-Profit

b)

Billing Cycle

12.

not established for the purpose of making a profit

a)

For-Profit

b)

Nonprofit

13.

cash withdrawn by using a debit card and entering a PIN in an ATM

a)

Billing Cycle

b)

ATM Withdrawals

14.

log of deposits and withdrawals from a checking account

a)

Checkbook Register

b)

Account Balance

15.

balance of an account on the day the bank runs the bank statement

a)

Closing Balance

b)

Pending Balance

16.

money put into an account

a)

Deposit

b)

Withdrawal

17.

acronym for electronic fund transfer; money transferred from one account to another without a person having to manually write a check or make a deposit

a)

ATM

b)

EFT

18.

specific listing of individual pieces or units of information

a)

Itemization

b)

Closing Balance

19.

(of a statement) balance of an account on a current month’s statement which was used as the ending or closing balance in the previous month’s statement

a)

Closing Balance

b)

Opening Balance

20.

moving money from an account, whether paying expenses, making transfers to other accounts, getting money from an ATM or making purchases

a)

Withdrawals

b)

Deposits

21.

balance bookkeeping account information to be consistent with the bank’s bookkeeping of the same account information

a)

Reconciliation

b)

Itemization

22.

payment earned on a variable schedule of daily or weekly basis, money received for services or work preformed by the employee hourly

a)

Wages

b)

Salaries

23.

payment earned on a fixed schedule of bi-weekly or monthly; money received for services or work preformed by an employee as an annual sum

a)

Salaries

b)

Wages

24.

money paid at a rate for the money which is being loaned out

a)

Wages

b)

Interest

25.

payment set by landlord for tenants use of property

a)

Wages

b)

Rent

26.

earnings paid to shareholders by a company from its profits

a)

Interest

b)

Dividends

27.

profit made from investment

a)

Capital Gain

b)

Dividends

28.

one-way payment of money for which no service or good is exchanged

a)

Transfer Payments

b)

Opening Balance