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TOG Y4 W11 Terms
| Term | Definition |
|---|---|
| Bank account | money deposited in a bank by a person that can be withdrawn by that person, Borrow |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
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