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LIFE SKILLS ENGLISH
Ch 8: Filling Out Forms Lesson 4: Financial Forms
Term | Definition |
---|---|
financial | concerning money or property with value |
value | the amount of money your property is worth to a buyer |
liability | the money you owe |
debt | money owed or liability |
assets | property you own that has value |
net worth | the value of your assets minus the value of your liabilities |
loan | the sum of money that you borrow |
credit | the time you get to pay for the goods you buy |
merchandise | goods for sale or that you buy |
finance charge | a fee you pay on money you owe to a business |
joint | an account that is shared or owned together |
interest | the money a bank pays for putting money into a savings account; a fee you pay for borrowing money |
withdrawal | money that you take out of your bank account |
deposit | the money you put into an account |