everfivocab Flashcards
vocab
associate degree
a two year term that is training for a specific career
bachelors degree
4 years of full time study of science or arts
masters degree
a two year program that is completed after a bachelors degree.
doctoral degree
the highest degree in academics
savings account
a account that earns interest
credit card
a small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit
income
money received, especially on a regular basis, for work or through investments
debit card
a card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.
expenses
the cost required for something; the money spent on something.
salary
a fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker.
revenue
income, especially when of a company or organization and of a substantial nature
fixed expenses
A fixed expense is an expense that will be the same total amount regardless of changes in the amount of sales, production, or some other activity.
variable expenses
are expenses that can change depending on your use of products or services; they are somewhat unpredictable. … Variable expenses differ from fixed expenses, such as your mortgage or rent, that remain the same throughout the term of your loan or lease.
wage
a fixed regular payment, typically paid on a daily or weekly basis, made by an employer to an employee, especially to a manual or unskilled worker.
profit
the amount of money a business makes
