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LIFE SKILLS ENGLISH

Ch 8: Filling Out Forms Lesson 4: Financial Forms

TermDefinition
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
Created by: mrsschaaf
 

 



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