Money words
Money words, in plain English
What the words on a pay stub, a bank statement and a budget mean, each with a worked example.
- Basis point →
- Biweekly →
- Cashier's check →
- Co-applicant →
- Convenience check →
- Credit card grace period →
- Discretionary income →
- Discretionary spending →
- Effective tax rate →
- Escheat (unclaimed property) →
- Escrow shortage →
- Fixed expense →
- Flexible spending account (FSA) →
- Fortnightly →
- Gross annual income →
- Gross income →
- Gross monthly income →
- High-yield savings account →
- Impulse purchase →
- Imputed income →
- Marginal tax rate →
- Net income →
- Net monthly income →
- Opportunity cost →
- Out-of-pocket expenses →
- Pay stub →
- Pay yourself first →
- Paycheck to paycheck →
- Periodic expenses →
- Pink tax →
- Pre-tax deduction →
- Savings rate →
- Secured loan →
- Self-employment tax →
- Semimonthly →
- Spending plan →
- Statement closing date →
- Statement credit →
- Stipend →
- Take-home pay →
- Variable expense →
- W-4 →
- Windfall →