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| Term | Definition |
|---|---|
| Balanced Budget | An organized plan for money in wich the total imcome equals the total expenses for a given period of time |
| Credit | An amount of money that a lender/bussness alows a person to buy stuff and a prommis to pay back same amount or more or lest. |
| Debit | An amount of money subtracted from a bank acount blance |
| Deposit | Money placed into a checking or saveings acount at the bank |
| Electronic Payment | A payment made over the internet, that allows the money to be taken from a consumers bank acount |
| Exspense | amount of money used to buy goods/services |
| Fixed Expenses | Exspenses that occure regurally and the amount dose not change |
| Gross Income | A total amount of money a worker earns |