Vocab for Final
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| The person responsible for checking the accuracy of your income statement and balance sheet. | Auditor
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| Something that puts money in your pocket, feeds you, part of your balance sheet, and will get you out of the rat race. | Asset
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| A snapshot of you assets and liabilities. | Balance Sheet
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| When you don't have enough income or cash to pay your bills. | Bankruptcy
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| Cash or something of an agreed-upon value. | Capital
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| The difference between what you bought an invetment for and what you sold it for (adjusted for improvements and ordinary usage). | Capital Gain Loss
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| The direction of your cash,cash coming in (income) and cash going out (expenses) | Cash Flow
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| A time certificate representing a sum of money deposited for a set length of time at a set rate of interest. | Certificate of Deposit
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| Money owed to another, is shown as a liability on the balance sheet and the monthly payment as an expense on the income statement. | Debt
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| A distribution of profits of a company to the shareholders. | Dividend
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| Expenses, often unnecessary or larger than need be, that take money out of your pocket. | Doodads
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| A percentage of the purchase price an investor pays for an investment, the remainder of the price is then borrowed (debt). | Down Payment
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| A nice way to say you're fired. | Downsized
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| An ultimate goal. | Dream
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| Your passive income from your assets are greater than your living expenses. | Fast Track
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| A form showing your income and expenses over a period of time, also called a profit and loss statement. | Income Statement
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| Amounts of money that are owed to others, aka debt, it will take money out of your pocket and it you. | Liabilities
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| Reducing this may reduce your expenses and increase your paycheck. | Liabilities
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| When you finance real estate, the property you are financing is used as collateral or security against the amount of money you are financing. | Mortgage
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| A variety of stocks, bonds, or securities, grouped together, managed (bought and sold) by professional investment company and purchased by individual investors through shares. | Mutual Fund
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| Big deals or small deals. | Opportunity
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| Income generated from your investments such as interest, dividends, and real estate rentals, withh minimal work. | Passive Income
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| Money works for you instead of you working for money. | Financial Freedom
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| The endless cycle of never seeming to get ahead financially, no matter how hard you work, where the middle class and poor spend their days until they become financially literate. | Rat Race
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| Return on capital, as an annual percentage, from an investment. | Return on Investment
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| A corporate action where the number of shares you own increases and the price per share decreases. | Shares Split
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| Ownership in a corporation. | Stock
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| Where you find buyers for your investments in an ever changing economy. | The Market
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| When you can live indefinitely off of your investment income. | True Wealth
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Or sort by any of the columns using the down arrow next to any column heading.
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