Fixed Cost

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A cost that stays the same

Variable Cost

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A corporate expense that changes

Opportunity Cost

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The loss of potential gain from other alternatives when one alternative is chosen.

Assets

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property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.

Liabilities

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a thing for which someone is responsible, especially a debt or financial obligation.

Credit

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the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.


Income

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money received, especially on a regular basis, for work or through investments.


Wage

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a fixed regular payment, typically paid on a daily or weekly basis, made by an employer to an employee, especially to a manual or unskilled worker.


Salary

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a fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker.


Job

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a paid position of regular employment.


Career

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an occupation undertaken for a significant period of a person's life and with opportunities for progress.

Employer

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a person or organization that employs someone.

Employee

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a person employed for wages or salary, especially at nonexecutive level.

Net income

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the amount an individual or business makes after deducting costs, allowances and taxes.

Gross incoe

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the total amount earned before taxes or other deductions.

Property tax

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any individual who owns real property is subject to state real property taxes.

Income tax

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a type of tax governments impose on income generated by businesses and individuals within their jurisdiction.

Sales tax

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a consumption tax imposed by the government on the sale of goods and services.

Budget

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an estimate of income and expenditure for a set period of time.

Debit card

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a card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.

Credit card

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a financial tool offered by a bank as a type of loan, with a line of revolving credit that you can access with your card account.

Interest

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money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.