Personal Finance Vocabulary

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

A reduction in price.

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

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

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.

Property owned by a person or company that has value.

Property owned by a person or company that has value.

A reduction in the value of an asset with the passage of time, due in particular to wear and tear.

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

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

Interest computed on the original principal plus any accrued interest.

The money one has saved, especially through a bank or financial institution.

A thing for which someone is responsible, especially a debt or financial obligation.

The amount that is left after taxes.

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

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.

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

An estimate of income and spending for a set period of time, usually by month or year.

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

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