Fixed Cost
A cost that stays the same
Variable Cost
A corporate expense that changes
Opportunity Cost
The loss of potential gain from other alternatives when one alternative is chosen.
Assets
property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.
Liabilities
a thing for which someone is responsible, especially a debt or financial obligation.
Credit
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
money received, especially on a regular basis, for work or through investments.
Wage
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
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
a paid position of regular employment.
Career
an occupation undertaken for a significant period of a person's life and with opportunities for progress.
Employer
a person or organization that employs someone.
Employee
a person employed for wages or salary, especially at nonexecutive level.
Net income
the amount an individual or business makes after deducting costs, allowances and taxes.
Gross incoe
the total amount earned before taxes or other deductions.
Property tax
any individual who owns real property is subject to state real property taxes.
Income tax
a type of tax governments impose on income generated by businesses and individuals within their jurisdiction.
Sales tax
a consumption tax imposed by the government on the sale of goods and services.
Budget
an estimate of income and expenditure for a set period of time.
Debit card
a card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.
Credit card
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
money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.