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Finance Vocab!!!

study these cards for up coming tests!!!!!

TermDefinition
Income Money received from investments or other financial support.
Mortgage House payment
Fixed expenses an expense that will be the same total amount regardless of changes.
Non-fixed These prices will change.
Minimum wage The lowest wage permitted by law,in U.S $7.25 an hour.
Wage/Salary Terms for ones work=work related earnings.
Budget A plan for saving/spending money
Expenses Financial obligations such as bills
Investments Investing money for profit
Risk and Return the higher the risk the higher the return.
Savings Money set aside
Debt Money owed
Credit Borrowing money towards the purchase at something you cant afford
Interest The percentage that has to be paid back and the loan
Loan A sum of money must be paid back overtime
Lender A person,or bank you owns money
Created by: user-1817112
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