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b&f
vocab
| Question | Answer |
|---|---|
| APR | annual % rate is the amount of intrest charged for an unpaid balance |
| expenditures | money that is spent on goods and services and bills |
| market research | gathering consumer preferences for products and services |
| abilities | the things you do well |
| annual fee | a yearly fee |
| aptitudes | your natural talents |
| bank | a for-profit institution that offers personal loans,mortgages and other services |
| bankruptcy | a legal process that gives a debtor protection from creditors |
| bond | an IOU issued by a company,municipality,of the federal government in exchange for a loan from an investor that will be repaid with a set rate of return |
| budget | a record of income and spending and a plan for managing money |
| career cluster | a grouping of jobs and industries related by skills or products |
| cash | money in the form of bills or coins |
| check | a written order for a bank to pay money |
| compound interest | interest on the principal and the accumulated interest on a deposit or a loan |
| credit | the amount of financial trust extended to a parson or a business by a lender; a loan |
| credit card | a card authorizing the holder to buy goods and services that can be paid for later |
| credit limit | |
| credit report | |
| credit score | |
| credit union | |
| debit | money owed |
| deductible/co-pay | |
| discretionary income | |
| dollar-cost averaging | |
| finance charges | |
| financial institution | a business that provides money related services |
| fixed cost | a business cost that remains the same,such as rent |
| fixed expenses | expenses that do not change from month to month,such as auto insurance or rent |
| foreclosure | |
| impulse buying | making a purchase based on an immediate want or due to the pressure of advertising |
| income | |
| income tax | |
| insurance policy | |
| intrest | a fee received or paid for the use of money |
| intrests | the things you like and enjoy doing |
| internet bank | a Web-only bank |
| invest | to commit money to gain a profit or earn interest |
| long-term goals | plans that take a year or longer to accomplish |
| medicare | |
| minimum payment due | |
| mobile banking | |
| mutual fund | a collection of stocks or bonds of various corporations |
| needs | goods and services that people cannot survive without |
| online banking | |
| opportunity banking | |
| opportunity cost | the next best alternative given up when making a financial choice |
| PayPal | |
| pay yourself first | |
| premium | the amount paid for an insurance policy |
| previous balances | |
| principal | the amount of money originally invested |
| risk | |
| savings account | |
| scarcity | |
| short-term goals | |
| simple interest | |
| social security | |
| stock | |
| taxes | required payments to a government |
| 3C's of credit | |
| values | |
| variable cost | a business cost that increases or decreases |
| variable expenses | expenses that vary from month to month |
| wants | things that you want or that make you more comfortable |
Created by:
23andrejczak.joshua
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