A summary of a person's credit history
Credit Report
A written statement that promises the product will work for a certain amoun of time.
Warranty
Money taken out of a paycheck
Deduction
The least amount of money you must pay on a bill.
Minimum Payment
A person with good credit history who will pay a credit card bil if the cardholder cannot pay it.
Cosigner
A card that allows a person to buy smething now and pay for it later.
Credit Card
Money that is borrowed with the promise to pay it back.
Credit
Total amount of money earned before deductions.
Gross Pay
Money borrowed for a certain amount of time.
Loan
A plan for spending money
Budget
A fee you pay based on the aount of money you have borrowed from the credit card company.
Finance Charge
A tax deduction for each member of the family.
Exemption
Money put into a bank account
Deposit
An amount of money set by the govt. that takes the place of separate tax deductions
Standard Deduction
Money that a bank pays you for keeping your money in the bank.
Interest
The amount of money an employee receives after deductions have been taken out of gross pay.
Net Pay
A tax paid on the money that people earn.
Income Tax
A return of money.
Refund
Money taken out of a bank account.
Withdrawal
The amount of money left in an account after the withfrawls are subtracted from the deposits.
Balance