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TOG Y4 W11 Terms

TermDefinition
Bank account money deposited in a bank by a person that can be withdrawn by that person, Borrow
Debt something owed, such as money, goods, or services, by a debtor to a creditor
Finances things relating to money or resources, or relating to the financial situation of a person, institution, or nation
Goods property, usually property that is moveable and exchangeable; possessions
Insure to make a person or institution safe from losses by paying money to an insurance company
Panic 1) a fear that spreads quickly through a group of people, causing the group to lose control; 2) alarm about specifically financial or commercial concerns that causes people to make unwise financial gestures in efforts to avoid losses
Stock shares of a company sold to investors, entitling the stockholder to a share of the profits and other privileges
Unemployed not having a job
Bull market a stock market that is generally rising
Capitalism an economic and political system characterized by a free market for goods and services and private control of production and consumption; theoretically based on autonomous individuals seeking their own wealth free from governmental control or interference
Deflation a decrease in the money supply, resulting in a fall in the level of prices. It is the opposite of inflation
Evict to drive out by law from a house or other building
Hooverville a group of makeshift houses and tents in which the unemployed would cluster during the Great Depression, named after President Herbert Hoover
Legislation 1) the creation or enforcement of laws; 2) a law or a group of laws
Middle class the class of people in society between the wealthy and the poor, which usually includes businessmen, professional peoples, and skilled workers
Mortgage a temporary, conditional pledge of property to a creditor as assurance for the repayment of a debt. If the loan is not repaid, the mortgage enables the creditor (bank, etc. ) to claim the property (usually a house or land)
Urban relating to cities and towns
Created by: jamallwh