Office of Financial Empowerment
Translate This Page Printer Friendly Format Email A Friend Sign-up For Office of Financial Empowerment News Set Text Size Small Font midium Font Large Font
Money Dictionary

A - B  C - D  E - F  G - H  I - J  K - L  M - N  O - P  Q - R  S - T  U - V  W - X  Y - Z

Grace Period   This is the time between the date of a purchase and the date the company starts charging you interest on it. For example, if John buys a TV with his credit card on January 1 and he doesn't have to pay his credit card bill until January 25, he has a grace period of 25 days.
Gross Pay   Gross pay is the total dollar amount earned during a pay period before taxes and other deductions are withdrawn.

OFE's Reference List for Money Dictionary