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HHS - Terms for Budgeting and Legal Documents

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
An offer made and accepted   Mutual assent  
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Costs you are obligated to pay at specific times, regardless of other events   Fixed expenses  
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Costs that vary in amount and type, depending on events and the choices you make   Variable expenses  
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A legally enforceable agreement between two or more parties   Contract  
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Anything of value that a person owns   Assets  
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A person who promises to pay a note if the maker fails to pay   Co-signer  
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A statement about a product's qualities or performance that the seller assures the buyer are true   Warranty  
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An orderly program for spending,saving, and investing your income   Financial Plan  
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A spending and saving plan based on your expected income and expenses   Budget  
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Money that you owe to others, also known as debt   Liabilities  
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An unconditional written promise to pay a specified sum of money upon demand of the holder   Negotiable instrument  
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A computer program that organizes data in columns and rows and can perform calculations using the data   Spreadsheet  
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A computer program that organizes data for easy search and retrieval   Database  
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Money you have left to spend or save after taxes have been paid   Disposable income  
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Difference between assets and liabilities   Net worth  
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