Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Financial Terms
Marketing Principals
| Term | Definition |
|---|---|
| Allowance | amount of money you plan to use for a certain budget category |
| Budget | allows you to meet your personal goals with a system of saving and wise spending |
| Budget Variance | calculated using variance analysis to compare planned, or budgeted, amounts to actual amounts |
| Financial Plan | comprehensive evaluation of an investor's current and future financial state by using currently known variables to predict future cash flows, asset values and withdrawal plans |
| Fixed Expense | expense that will be the same total amount regardless of changes in the amount of sales, production, or some other activity |
| Money Management | process of budgeting, saving, investing, spending or otherwise overseeing the capital usage of an individual or group |
| Net Worth | the difference between assets and liabilities; determines how much an entity is worth |
| Personal Assets | something of value which belongs to someone |
| Budget Category | the different categories are used in everyday life and are essential to success; income, utilities, savings, housing, etc. |
| Financial Goals | monetary objectivesof an individual or organization that are often determined by their future requirements for funds |
| Income | money received, especially on a regular basis, for work or through investments |
| Long Term Goals | ultimate results desired when a plan is established or revised |
| Short Term Goals | goals that can be achieved in a limited period of time and frequently lead to the achievement of a long term goal |
| Deficit | amount by which something, especially asum of money, is too small |
| Surplus | more than what is needed or used; excess |
| Start-Up Costs | projections of how much money as new business owner needs for the business' first year of operation |
| Equity | equal rights and opportunities for everyone |
| Debt | something, typically money, that is owed or due |
| Revenue | income, especially when a company or organization and of a substantial nature |
| Profit | the money earned from conducting business after all costs and exopenses have been paid |
| Loss | the fact or process of losing something or someone |
| Cash Flow | tracks when cash is expected to come into the business and when it is expected to be paid out |
| Line of Credit | amount of credit extended to a borrower |
| Interest Rate | the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding |
| Asset | a useful or valuable thing, person, or quality |
| Liability | state of being responsible for something, especially by law |
| Net Worth | value of all non-financial and financial assets owned by institutional unit or sector minus the value of all its oustanding liabilities |
| Collateral | something pledged as security for reapayment of a loan |
| Capital | wealth in form of money or other assets owned by a person or organization |
| Loan Term | monetary loan that is repaid in regular payments over a set period of time |
Created by:
DeontaeHHS
Popular Marketing sets