Unit 6 FL

share draft account

the credit union term for a checking account

share account

 The credit union term for a savings account

short-term goal

A goal to be achieved within the next three months

social security tax

 A payroll deduction collected by employers by law and sent to the federal government to provide a small income and other services to the elderly, disabled Americans, and orphaned minors

spending plan

another word for budget

spyware

A bad side effect of free downloads that may be used to send you pop-up ads, redirect your computer to unwanted Web sites, monitor your Internet surfing, or record your keystrokes in an effort to steal your Identity.

state income tax

A payroll deduction collected by employers by law and sent to the state government to support state services

stock

An investment that makes the investor a part owner of a company

stock market

the place where stocks are bought and sold

time value of money

The idea that money today is worth more than the same amount of money in the future due to its potential earning capacity

universal default

A clause included in many credit card company agreements that allows a credit card company to increase your interest rate if you make just one late payment.

values

the beliefs, qualities, or standards that you consider important or desirable.

variable expenses

expenses that are not fixedThings that make life more interesting and fun but that people can live without if they have to

wants

 Things that make life more interesting and fun but that people can live without if they have to

yield

the profit from an investment