the amount of something that is permitted, especially within a set of regulations or for a specified purpose.

an estimate of income and expenditure for a set period of time.

the difference between the budgeted or baseline amount of expense or revenue, and the actual amount

a comprehensive evaluation of an individual's current pay and future financial state by using current known variables to predict future income, asset values and withdrawal plans.

an expense that will be the same total amount regardless of changes in the amount of sales, production, or some other activity.

the process of budgeting, saving, investing, spending or otherwise in overseeing the cash usage of an individual or group. ... Also referred to as "investment management" and/or "portfolio management".

defined as assets minus liabilities. Essentially, it is a measure of what an entity is worth.

an asset in the form of money or chattels.

expenses are especially prominent on the Income statement

targets, usually driven by specific future financial needs

money received, especially on a regular basis, for work or through investments.

Goals that take a long time to achieve

something you want to accomplish soon.

the amount by which something, especially a sum of money, is too small.

an amount of something left over when requirements have been met; an excess of production or supply over demand.

Non-recurring costs associated with setting up a business

the quality of being fair and impartial.

something, typically money, that is owed or due.

income, especially when of a company or organization and of a substantial nature.

a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.

the fact or process of losing something or someone. "avoiding loss of time"

the total amount of money being transferred into and out of a business, especially as affecting liquidity

an amount of credit extended to a borrower.

the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

a useful or valuable thing, person, or quality.

the state of being responsible for something, especially by law.

something pledged as security for repayment of a loan, to be forfeited in the event of a default.

the most important city or town of a country or region, usually its seat of government and administrative center.

a monetary loan that is repaid in regular payments over a set period of time

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financial terms

Term	Definition
ALLOWANCE	the amount of something that is permitted, especially within a set of regulations or for a specified purpose.
BUDGET	an estimate of income and expenditure for a set period of time.
BUDGET VARIANCE	the difference between the budgeted or baseline amount of expense or revenue, and the actual amount
FINANCIAL PLAN	a comprehensive evaluation of an individual's current pay and future financial state by using current known variables to predict future income, asset values and withdrawal plans.
FIXED EXPENSE	an expense that will be the same total amount regardless of changes in the amount of sales, production, or some other activity.
MONEY MANAGEMENT	the process of budgeting, saving, investing, spending or otherwise in overseeing the cash usage of an individual or group. ... Also referred to as "investment management" and/or "portfolio management".
NET WORTH	defined as assets minus liabilities. Essentially, it is a measure of what an entity is worth.
PERSONAL ASSETS	an asset in the form of money or chattels.
BUDGET CATEGORY	expenses are especially prominent on the Income statement
FINANCIAL GOALS	targets, usually driven by specific future financial needs
INCOME	money received, especially on a regular basis, for work or through investments.
LONG TERM GOALS	Goals that take a long time to achieve
SHORT TERM GOALS	something you want to accomplish soon.
DEFICIT	the amount by which something, especially a sum of money, is too small.
SURPLUS	an amount of something left over when requirements have been met; an excess of production or supply over demand.
START UP COST	Non-recurring costs associated with setting up a business
EQUITY	the quality of being fair and impartial.
DEBT	something, typically money, that is owed or due.
REVENUE	income, especially when of a company or organization and of a substantial nature.
PROFIT	a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
LOSS	the fact or process of losing something or someone. "avoiding loss of time"
CASH FLOW	the total amount of money being transferred into and out of a business, especially as affecting liquidity
LINE OF CREDIT	an amount of credit extended to a borrower.
INTEREST RATE	the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.
ASSET	a useful or valuable thing, person, or quality.
LIABILITY	the state of being responsible for something, especially by law.
COLLATERAL	something pledged as security for repayment of a loan, to be forfeited in the event of a default.
CAPITAL	the most important city or town of a country or region, usually its seat of government and administrative center.
LOAN TERM	a monetary loan that is repaid in regular payments over a set period of time

Created by: taylor.bowman0123

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