W!SE Terms

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Barter

Back

A system of exchange where goods or services are traded directly for other goods or services without using money.

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Cash card/gift card

Back

A prepaid card that can be used to make purchases at specific stores or for specific services.

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Cashless society

Back

An economic state where financial transactions are conducted through digital means rather than physical cash.

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Check

Back

A written order directing a bank to pay a specific amount from a person's account to another party.

Front

Credit card

Back

A plastic card issued by a financial institution allowing the cardholder to borrow funds to pay for goods and services.

Front

Debit card

Back

A plastic card that deducts money directly from a consumer's checking account to pay for a purchase.

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Dependents

Back

Individuals who rely on someone else for financial support, often children or other family members.

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Earnings

Back

The income generated from work or investments.

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Electronic transfer

Back

The process of transferring money from one bank account to another through electronic means.

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Employment benefits

Back

Various non-wage compensations provided to employees in addition to their normal wages or salaries.