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Personal Finace Statement Financial

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Term
Definition
Asset   Items of monetary value a person or household owns  
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Expense   Money spent  
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Income   Money Recieved  
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Investment Asset    
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Liablility   A debt or obligation owned to others  
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Market value   The amount you could realistically sell an asset for today  
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Monetary asset   Assets that can be quickly and easily converted into cash  
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Net worth    
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Statement of financial position    
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Tangible Asset    
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Wealth   A measure of how much a person or household owns once all debts have been paid  
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Created by: AriMei97
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