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Personal Finance

vocabulary practice

money that is owed to another person debt
extra charges added to the cost of a loan interest
money set aside after paying your bill. usually put into a bank. savings
money that you borrow from a bank. loan
money earned through work wages
buying now and paying later. credit
a spending plan budget
stock a share of a company that you can buy
places that keep or invest money like a bank financial institutions
money gained from wages and investments earnings
money put into stocks or other things with the hope of gaining profit investment
goods objects people buy to satisfy their needs
service an activity provided for a fee
consumer some one who buys a product or service
producer some one who makes a good or provides a sevice
demand all the goods people are willing to buy during a period of time
payday loans a type of borrowing that has high interest rates for short periods of time
bank an institution where you can keep your money
credit a way to buy now and pay later
income money gained through a job
commission the money charged to buy stocks
financial markets places that have stocks or bonds like the NY stock exchange
Discount Broker a person who sells stocks but does not give advice to its customers
Created by: daniel.king



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