## MoneyU Glossary of Terms

MoneyU Glossary of Terms
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### S

#### Salary

Money you make for working a job.

#### Sales Tax

What your state or local government charges you when you buy a good or service. It's typically a percentage of the cost you pay. While an income tax charges the money you earn, the sales tax charges money you've spent. States that charge sales tax typically charge 4 to 7 percent of the item's cost.

#### Savings

Accumulating funds by delaying or foregoing consumption.

#### Savings Account

With savings accounts you can make withdrawals, but you do not have the flexibility of checks. Various fees, such as minimum balance fees, may be charged on savings accounts.

#### Spending Plan

A budget you use to track your income and expenses.

#### Springing Power Of Attorney

A power of attorney that takes effect at a predetermined time or at a particular event (such as disability).

#### State Unemployment and Disability (SUI/SDI)

Certain states require employees to contribute to this program, which pays benefits to people who are unemployed or currently unable to perform their job.

#### Step-Up CD

A certificate of deposit that benefits the investor if interest rates go up. You are allowed to adjust the rate on your CD (to a higher market rate) one time during the CD's term.

#### Stock

An investment that represents shares of ownership of the assets and earnings of a corporation.

#### Stocks

Securities representing equity ownership in a corporation.

#### Supply

The quantities of an item that producers are willing and able to make available for sale at various prices over a given time period.

#### Systematic Risk

Risk that the overall market will decline as prices and interest rates change.

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