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Financial Terms

TermDefinition
Allowance
Budget
Budget Variance
Financial Plan
Fixed Expense
Money Management decisions regarding how much money to retain in a liquid for and how to allocate the funds among short - term investment instruments.
Net Worth the value of one's assets after deducting all liabilities
Personal Assets
Budget Category
Financial Goals
Income The financial gain (earned or unearned) accruing over a given period of time
Long Term Goals
Short Term Goals
Deficit
Surplus a situation in which quantity supplied is greater than quantity demanded
Start Up Cost
Equity The difference between the market value of a property and the claims held against it.
Debt An excess of federal expenditures over federal revenues
Revenue The total of all money recieved from the sale of afirm's product or service during a given period
Profit
Loss
Cash Flow
Line of Credit The maximum credit that a customer is allowed
Interest Rate
Asset anything of value that is owned
Liablity An obligation to pay money to money to another partner
Net Worth
Collateral A security pledged for the repayment of a loan
Capital Assets available for use in the production of further assets
Loan Term
Created by: Akintokunbo
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