Shared Flashcard Set

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Vocab for mid term
Vocabulary for mid term in Math and Finance
10
Business
12th Grade
01/23/2013

Additional Business Flashcards

 


 

Cards

Term
Simple Interest
Definition
Interest paid only on the principal in a bank account
Term
Check Register
Definition
A record you keep of your checking account depositis, withdrawals, and transfers.
Term
Annuity
Definition
An equal amount of money deposited into an account at equal periods of time.
Term
Finance Charge
Definition
Interest that is charged to a credit account if the account holder does not pay off the balance in full.
Term
Account Statement
Definition
A bank statement that shows all deposits, withdrawals, and interest credited to an account.
Term
Graduated Commission
Definition
Pay in which the commission rate is different for different levels of sales.
Term
Compound Interest
Definition
Interest earned not only on the principal in a bank account, but also on the interest earned on the account, or interest on interest.
Term
Salary
Definition
A fixed amount of money earned on a regular basis, received weekly, biweekly, semimonthly or monthly.
Term
Social Security
Definition
A federal government program to pay for retirement, disability and survivors benefits, finaced by taxes.
Term
Weekly Time Card
Definition
A record of the time you report for work and the time you depart each day of the week.
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