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IGHS Winkels
Consumer Math Chapter 2 Vocabulary
Term | Definition |
---|---|
budget | a plan for spending and saving money |
transfer | to move money from one budget line to another |
balanced budget | a plan where income is equal to the sum of expenses and savings |
estimate | to round to get an answer that is not exact; the answer you get when you use rounded numbers |
interest | extra money you need to pay the lender for loaning you money |
predict | to make a guess about the future |
debt | money that is owed |
average | the sum of a set of numbers divided by how many numbers are in the set |