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Personal Finance 2.1-2.2 Vocabulary Review

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  • A mandatory financial charge that the government adds to the cost of some goods, services, and transactions.
    Tax
  • A card that is loaded with a specific cash amount and can be used at ANY store.
    Prepaid Card
  • A distinctive attribute or quality of something.
    Features
  • A document acknowledging that a person has received money or property after a sale.
    Receipt
  • A virtual wallet that stores payment card information on a mobile device.
    Mobile Wallet
  • A card that is loaded with a specific cash amount and can only be used at a SPECIFIC store.
    Gift Card
  • A person who purchases goods and services for personal use.
    Consumer
  • A person or company offering something for sale.
    Vendor
  • The amount of money you have in your bank account.
    Balance
  • An opportunity that encourages you to purchase a specific item (eg a discount).
    Promotions
  • The monthly record of your account transactions sent to you by your bank.
    Statement
  • A type of bank account that allows a person to deposit and withdraw their money.
    Checking Account
  • Automatic Teller Machine. Allows a customer to take out physical currency from their bank account.
    ATM
  • A deduction from the usual cost of something.
    Discount
  • A voucher providing a discount for a particular item when purchased.
    Coupon
  • A card issued by a bank allowing the owner to transfer money electronically to another bank account when making a purchase.
    Debit Card
  • A document that tells a bank to pay a specific amount of money from one person's account to another person's account.
    Check
  • An amount of money you add to a bank account.
    Deposit
  • An amount of money you take out of a bank account.
    Withdrawal
  • The practice of comparing the price of products or services from different vendors before buying, often to find the best deal or price.
    Comparison Shopping
  • A sum of money (added to the bill total) given by a customer to a waiter or waitress for their service.
    Tip
  • An online process that allows you to send money directly from your checking account to another person using a username, email address, or cell phone number.
    Peer to Peer Payment App
  • The total for PART or SOME of the items on your receipt.
    Subtotal