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Money Terms
capital gains | profit from the sale of assets, as bonds or real estate. |
Cash | money or an equivalent, as a check, paid at the time of making a purchase |
Coins | a piece ofmetal stamped and issued by the authority of a government for use as money. |
Credit | time allowed for payment for goods or services obtained on trust: |
Debit | an electronic check; an alternativemethod to cash when making a payment |
dividends | a sum of money paid to shareholders of a corporation out of earnings. |
Electronic Funds Transfer | is the electronic exchange or transfer ofmoney from one account to another, either within a single financial institution or across multiple institutions, through computer-based systems. |
Government Bonds | is a debt investment in which aninvestor loans a certain amount of money, for a certain amount of time, with a certain interest rate, to a company. It is issued by the national government in the country's own currency. |
gross pay |total pay before any deductions are subtracted |
hourly wage | amount earned for each hour worked |
interest | a sum paid or charged for the use of money or for borrowing money. |
Medium ofExchange | money's most important function; used to facilitate transactions |
overtime | time worked beyond the regular hours - pay is 1 1/2 times the regular rate of pay |
Paper Money | currency inpaper form, such as government and bank notes, as distinguished from metal currency. |
rent | to grant the possession and enjoyment of (property, machinery, etc.) in return for the payment of rentfrom the tenant or lessee. (often fol. by out ). |
salary | a fixed compensation periodically paid to a person for regular work or services. |
standard work day | 40 regular hours a week |
Storeof Value | money must hold its value over time |
transfer payments | any payment made by a government for a purpose other than that of purchasing goods or services, as for welfare benefits. |...