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Finance
Term | Definition |
---|---|
Income | Money received from anywhere |
Mortgage | House Payment |
Fixed Expenses | Same total amount |
Non-Fixed Expense | Total amount changes |
Minimum wage | Lowest legal payment |
Wage | Work earnings |
Budget | Spending and Saving money |
Expenses | Obligated Payments |
Investments | Investment for profit |
risk & reward | Higher risk Higher Rewards |
Savings | How much money is saved |
Debt | Owed money |
Credit | Borrowing money |
Intrest | percent of money owed back + loan |
Loan | Money paid back over time |
Lender | Someone Who lends money |