Personal Finance
Terms
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- income
- monery earned from working and the returns of investment
- disposable income
- a person's income after tax has been deducted (grossincome-tax=dispoable income)
- debt consolidation
- rolling all your debts into on debt
- social securtiy
- payments made by the government
- overtime
- the amount of time worked in excess of the standered working hours
- fee
- income fomr providing or professional service, such as legal advice
- flexitime
- a system that provides salaried workers with flexiable working time
- commision
- incone from acting as an agent or between, between buyers or sellers
- royalities
- income from the sale of a piece work
- rent
- income recieved for the use of property
- salary
- income recieved each year for a job
- Divded
- a payment made to a shareholder of a company as a cash reward for investing in that company through the purchases of its shares. the divdends are dervied from the companys net profitm which is the final profit to the company after all businness expenses have been deducted from income earned
- interest
- income recieved from investments
- personal loan
- an amount of money used for a specific conesumer prupose such as travle, houses ect
- budget
- a statemtned of your income and expenditureover a period of time
- wage
- income recieved for work done based on the hours
- Employer
- a person or organisation who empolys workers
- Shareholder
- a person who owns part or share of a company
- Employee
- a person working under the control or direction of another, accoriding to a contract of employment and in return for a wage or salary
- penalty rater
- a rate of pay that is applied based on when the work is peformed rather than how many hours worked