an individuals income earned as salary or waged before taxes and other deductions

money received

lists and summaries income and expense transactions that have taken place over a specific period of time, usually a month or year

a product that transfers risk from an individual to an insurance company or organization

a payment, usually monthly, applied to the balance of a home loan used when purchasing housing

take home pay

when income is greater than expenses

when expenses are greater than income

the portion of current income not spent on consumption

items of monetary value a person or household owns

Financial assets purchased with the hope that they will generate income and appreciate in value to make it possible to sell at a higher price in the future

a debt or obligation owed to others

the amount you could realistically sell an asset for today

assets that can be quickly and easily converted into cash

a measure of financial wealth and indicates the monetary value of all possessions that a person or household owns, minus the total amounts owed to others

a financial statement that describes an individual or family's financial condition on a specified date by showing assets, liabilities, and net worth

personal property that was purchased to create a lifestyle or improve your life

a measurement of how much a person or household owns once all debts have been paid

An income and expense statement sometimes referred to as budget which records both planned and actual income and expenses over a period of time

an account that allows quick access to funds for transactions

for profit depository businesses that offer financial services to both consumers and other businesses

payment transactions that can be completed with no physical connection between the payment device and the physical point of sale terminal or store clerk

depository institutions that offer many banking services and are owned by their customers

a plastic card that is electronically connected to the cardholders depository institution account

business that provide financial services

the price paid for using someone elses money

the percentage paid for using someone elses money

apps that many depository institution have developed that allow online banking access username and password from any place in the world with internet access

allows customers to complete certain transactions from a secured internet site by using a username and password from any place in the world with internet

a tax on earned income

an account at a depository institution that is designed to hold money not spent on current consumption

a tax on property, such as land, buildings and automobile

a tax on earned and unearned income

accounts offered by depository institution that is designed to hold money not spent on current consumption

a person who pays a tax to national, state, county or municipal governments

taxes collected from the seller or retailer and as such often remain hidden in the price of a product or service, rather than being listed seperately

a tax on purchased goods and services

a group of people with common interests and concern for the common good

a sum of money demanded by a government to support the government itself as well as specific facilities or services

income received from sources other than employment

money earned from working for pay