Final Vocab Flashcards
(28 cards)
Resume
A brief summary of job qualifications including education, training, skills and experience
Cover Letter
A letter of introduction that you send with your resume to potential employers
Common Stock
A voting share of ownership in a corporation
Credit Card
Card used to barrow money from the bank
401K
Tax-deferred retirement plan offered to the employees by employers
Checking Account
Bank account that allows depositors to write checks to make payments
Direct Deposit
Depositing an employees pay into the employees bank account electronically instead of using paper paycheck
Canceled Checks
A check with the banks stamp on it, indicating that it has been paid
Cashiers Check
A banks personal check, signed by the bank’s cashier, payment comes from banks fund
Savings Account
Account at a bank, where you deposit money, earn interest, and withdraw funds at anytime
Certificate of Deposit (CD)
A deposit in a savings institute that earns a fixed interest rate for a specific period of time
Money Marketing Account
A deposit for which the interest rates change overtime as the interest rates in the economy change
Government Bonds
A bond that is an IOU of the United States Treasury; considered the safest security in the investment world
Savings and Loans
Special Institution that specializes in lending money for people who want to buy homes
Credit Unions
Special institution that provides banking to members who share common bond such as certification, church or labor
Stocks
The capital raised by a business or corporation through the issue and subscription of shares
Mutual Funds
Business that accepts deposits from many people to invest in various ways
Diversification
Distributing funds among a variety of investments to minimize risk
Inflation
General Increase in average level prices in the nations economy
Creditworthiness
Measure of ability and willingness to pay a loan
Character
Measure of financial responsibility often based on credit history
Capacity
Measure of financial ability to pay a loan
Capital
Value of what you own, including savings, investments and property
Credit Limit
Max amount you can charge to your credit card
