Term
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Definition
| A tool that helps you decide what to and not not buy based off of your financial position. |
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| The money spent on a item. |
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| All income from any possible source |
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| Money received on a regular basis |
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| Income and expense statement |
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| A statement telling a business about its performance over a period of time. |
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| They insure your valued items in case of damage your get your value back. |
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| Interest in property as security for the repayment of money borrowed |
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| The improvement after adding up all positive and negative influences. |
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| the money made in an accounting period minus all expenses in the same period. |
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| when the expenses exceed the profits in a business |
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| A sum of money stored away for later use. |
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| A useful or valuable item. |
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| A asset that is purchased hoping that it will gain value and be worth more in the future. |
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| A bad thing that you are responsible for. |
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| The price that an item would sell for at any regular auction. |
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| It can be cash, accounts, or any kind of money you have. |
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Definition
| The money that you have after you have paid all of the deductions. |
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| Statement of financial positon |
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Definition
| A sheet that reports assets, liabilities and the differences in their totals. |
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| Are assets that are valuable items and other materials that have value. |
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| The measure of how much money somebody has. |
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| a group of people who have the same common goals. |
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| Money you actually earn from working or doing jobs for people. |
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| taxes on a specific item. |
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| Taxes taken off of your income or paycheck. |
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| Taxes imposed on employers and employees that tells them how much to pay their staff. |
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| A tax on the property that you own. |
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| A tax paid by the people buying certain goods. |
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| Money paid to pay for several different things including roads, highways, bridges, etc. |
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| Income from a source such as a birthday card. money you didn't work for. |
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| A ATM is a machine that allows people to get money out or put money in a bank without going inside. |
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Definition
| An account that is made to be easy to get your money out of quickly. |
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| A regular bank that takes care of financial transactions. |
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| To pay for something and not come in contact with your bank. |
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| Deals with financial transaction just like a bank but with a little more features. |
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| A card that allows people to pay for stuff without money. |
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| Like a bank it is a place that financial transactions take place. |
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| Money paid to you daily for the use and lending of your money. |
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| The rate at which you make your unearned money from borrowing and lending within the bank. |
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| Banking that can happen from any mobile device like a phone, computer, etc. |
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Definition
| Banking that takes place on your computer instead of going in to a bank and making transactions. |
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Definition
| A bank account that lets you store your money away and gather interest so you can use it for the future. |
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Term
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Definition
| A account meant to help you save money and hold it for the future. |
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Term
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Definition
| A tool that helps you decide what to and not not buy based off of your financial position. |
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