Personal Finance Vocabulary | Baamboozle - Baamboozle

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Personal Finance

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An identification card issued by a bank that allows a user to buy items and services immediately and pay the cost at a later time.

Credit Card

15

Property owned by a person or company that has value.

Assets

15

Written document asking a bank to pay a certain amount from your account.

Check

15

An identification card issued by a bank that allows a user to immediately use money from an account. You have a personal identification umber (PIN) to keep it safe.

Debit Card

15

Your total income before income tax or other deductions are taken out of it.

Gross Income

15

The amount that is left after taxes.

Net Income

15

A tax based on the amount of money you ear, or your income.

Income Tax

15

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Interest Rate

15

Interest that is calculated only on the principal, or original, amount of a loan.

Simple Interest

15

Interest computed on the original principal plus any accrued interest.

Compound Interest

15

The money added to the cost of items and services . It is usually paid when an item is purchased.

Sales Tax

15

An amount paid by way of reduction, return, or refund on what has already been paid or contributed.

Rebate

15

A sum of money lent or invested, on which interest is paid?

Principal

15

A reduction in price.

Markdown

15

Property owned by a person or company that has value.

Assets

15

A voucher entitling the holder to a discount for a particular product.

Coupon

15