emergency fund

money set aside specifically for an emergency such as a major accident or loss of a job. It is usually recommended for this savings to be at least three months salary.


an individual who conceives of, establishes, operates, and assumes the risks of a business.


stock ownership in a corporation.


the assets and debts that a person leaves at death.

estimated taxes

the required advance payment of a current liability that is not already being withheld for, such as investment income, capital gains, alimony, or rent.


the cost of goods and services, including those that are fixed (such as rent and auto loan payments), variable (such as food, clothing, and entertainment), and those that are periodic (car repairs, doctor's appointments).