I

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income

The money coming into a household, such as wages and salaries, rental income, interest and government allowances.

interest

The amount a borrower pays to a lender for the use of the lender’s money. For example, if money is borrowed from a bank in the form of a loan the bank will charge interest for the use of that money. On the other hand, if money is lent to a bank by opening a bank account or a term deposit, the bank pays interest to the account holder on the money in the account.

internet banking

Making deposits, transfers, withdrawals and checking account balances, etc using the Internet. For security purposes, a person/organisation might be required to register with a financial organisation in order to use Internet banking.

invoice

A bill that needs to be paid.

invoice (tax)

A bill that needs to be paid and also includes tax. It is a legitimate tax receipt.