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WorkKeys Applied Mathematics Vocabulary
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WorkKeys Applied Mathematics Vocabulary
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25 Questions

1. A tax charged on the selling price of an item or service provided

2. The amount of money in your account

3. Money paid to protect you from theft and fire

4. The price of a product sold for a lower price than the regular selling price

5. A person who receives the money from life insurance if the insured dies

6. A written order directing the bank to deduct money from your checking account to make a payment

7. The cost per unit of measure or count of an item

8. Amount paid for borrowing money

9. Interest calculated based on a 365 day year

10. A loan to finance a home

11. Covers employees who are hurt on the job

12. Amount required to reconstruct a home

13. A type of account the allows you to pay for goods and services with a written order instead of cash

14. An amount paid before obtaining a mortgage

15. A kind of savings account that requires a specific deposit for a specified time

16. Insurance to protect you if someone is injured on your property

17. The markdown of an item expressed as a percent of the regular sale price

18. Interest calculated based on a 360 day year

19. An institution that will finance a mortgage loan

20. A plan for using money in a way that best meets your needs

21. Face value (divided) $1000

22. Fees paid for lawyers, credit checks and preparation of documents

23. The interest charged on the amount you owe

24. A record prepared by the bank listing all transactions the bank has recorded

25. A type of account that earns interest for you

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