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Ch 8: Filling Out Forms Lesson 4: Financial Forms

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Term
Definition
financial   concerning money or property with value  
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value   the amount of money your property is worth to a buyer  
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liability   the money you owe  
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debt   money owed or liability  
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assets   property you own that has value  
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net worth   the value of your assets minus the value of your liabilities  
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loan   the sum of money that you borrow  
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credit   the time you get to pay for the goods you buy  
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merchandise   goods for sale or that you buy  
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finance charge   a fee you pay on money you owe to a business  
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joint   an account that is shared or owned together  
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interest   the money a bank pays for putting money into a savings account; a fee you pay for borrowing money  
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withdrawal   money that you take out of your bank account  
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deposit   the money you put into an account  
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