Studied by 47 peopleannuity
series of equal regular deposits
assets
owned items value, such as cash, real estate, personal possessions, investments
career
a commitment to work in a field that is found to be interesting and fulfilling
deficit
financial situation that occurs when more money is spent than received
down payment
portion of the total cost of an item that must be paid at the time of purchase
goals
the things one wants to accomplish
good
physical item that is produced and can be weighed or measured (IPhone, clothing, books, food)
interest
the price that is paid for the use of another’s money
internship
a position in which a person receives training by working with people who are experienced in a particular field
job
work done mainly to earn money
liabilities
debts that one owes
market value
the price at which property would sell
mission statement
a formal summary of the aims and values of a company, organization, or individual
networking
the action or process of interacting with others to exchange information and develop professional or social contacts
net worth
the difference between the amount you own and the debts you owe
pension plan
an employee benefit that commits the employer to make regular contributions to a pool of money that is set aside in order to fund payments made to eligible employees after they retire
principal
the original amount of money on deposit
resume
a document created and used by a person to present their background, skills, and accomplishments
service
a task a person or machine performs for you (salon, car wash, lawn mowing)
service contract
a business agreement between a contractor and customer covering the maintenance and servicing of equipment over a specified period
take home pay
amount of income left after taxes and other deductions are subtracted from gross pay
warranty
a written guarantee, issued to the purchaser of an article by its manufacturer, promising to repair or replace it if necessary within a specified period of time
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Flashcard (22)