Financial Alg Exam A

Question or Hint Answer or Word

piecework work for which a laborer is paid on the basis of the amount of work done
credit card a card that allows an individual to pay for merchandise by borrowing against a line of credit
debit card an ATM card that can be used to deposit or withdraw money as well as to make purchases for which the amount is immediately deducted from an account
commission a percentage of sales or profit paid to an employee from items or services sold
principal the amount of money deposited or borrowed
simple interest interest calculated once throughout the life of a loan or deposit
compound interest interest calculated at regular intervals