Gross income

Total pay before taxes and other deductions are taken out.

Grace period

The number of days you must pay your bill in full before finance charges start. Without this period, you may have to pay interest from the date you use your card or when the purchase is posted to your account.

Government benefits card

A prepaid card used by a government agency to pay certain government benefits, such as unemployment insurance.

Goods

Objects people want that they can touch or hold, such as toys, clothes, and food.

Generational wealth

Wealth that is transferred from parents or relatives to children or other members of their family. This may take the form of cash, property, or anything else that has financial value, as well as investments in children’s education, like paying for college or vocational training. Also referred to as intergenerational wealth.