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
Budget Vocab.
words for income
| Term | Definition |
|---|---|
| Budget Variance | the difference between the budgeted or baseline amount of expense or revenue, and the actual amount |
| Allowance | partial return of a slae price for mechandise the customer has kept. |
| Budget | an estimate of income and expenditure for a set period of time. |
| Financial Plan | a comprehensive evaluation of an investor's current and future financial state by using currently know variables to predict future cash flow, 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 managing money, including investments, budgeting, banking, and taxes |
| Net Worth | a concept applicable to individuals and businesses as a key measure of how much an entity is worth |
| Personal Assets | an asset in the form of money or chattels |
| Budget Category | these funds can be used for programming and services that provide nutrition, basic family assistance, housing, and bereavement |
| Financial Goals | the monetary objectives of an individual or organization that are often determined by their requirements for funds |
| Income | money received, especially on a regular basis, for work or through investments |
| Long Term Goals | something you want to accomplish in the future |
| Short Term Goals | objective that a business expects to achieve in the near future |
| Deficit | the amount by which something, especially a sum of money, is too small |
| Surplus | am amount of something left over when requirements have been met; an excess of production or supply over demand |
| Start Up Cost | the initial expenses necessary to get a business or projects started |
| Equity | the value of the shares issued by a company |
| Debt | money that is owned or due |
| Revenue | income, especially when of a company or organization and of a substantial nature |
| Profit | a financial gain difference between the amount earned and the amount spent in buying |
| Loss | company fails to generate enough revenue to cover all expenses |
| Cash Flow | the movement of money into and out of a company's accounts |
| Line of Credit | type of loan that is issued by a bank |
| Interest Rate | the cost of debt for the borrower and the rate of return for the lender |
| Asset | any tangible or intangible that is expected to be utilized in the business operation for an extended time |
| Liability | an obligation arising from an action or a failure to take action, in the normal course of a business |
| Collateral | assets that you are willing to put up to secure credit |
| Capital | the money or wealth needed to produce good and services |
| Loan Term | a loan from a bank for a specific amount that has a specified repayment schedule and interest rate |
Created by:
Destiny.Sinclair22
Popular Marketing sets