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Personal Finance

TermDefinition
Saving setting aside of income for future.
Credit an amount of money loaned to a person that must be paid back along with additional interest.
Debt an amount of money borrowed by one party from another party.
Interest an additional amount you pay to use borrowed money.
Bankruptcy a legal proceeding involving a person or business that is unable to repay outstanding debts.
Expednditure An amount of money spent, as a whole or on a particular thing.
Income The amount of money a person earns during a year.
Investing Using money in hopes of gaining more in the future by lending to a business in exchange for a share of profits
Spending the amount a person purchases.
Created by: weathersby
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