Quiz terms for 2/19/16
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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budget | a plan for managing your money; an estimate of income and expenses over a period of time
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expenses | anything you spend your money on
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mortgage | a loan attained through the conveyance of property; house payment
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amortization | to reduce or extinguish debt; principal/interest split
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principal | the original sum of money invested or borrowed
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interest | money paid at a particular rate for the use of money lent
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financial success | means different things to different people
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assets | things you own that have value
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cash expenses | monthly amounts of cash you pay out
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balance sheet | a statement listing your assets, liabilities, and net worth
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cash flow statement | a statement listing your cash income, cash expenses, and your cash savings or deficit
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cash income | monthly amount of cash coming in to you
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deficit | a negative cash flow in which monthly income is less than monthly cash expenses
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financial status | your current financial position or situation
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fixed expenses | expenses that stay relatively the same each month
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generic items | lesser-known items that sell at a discount
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liabilities | amounts you owe others
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net worth | your total assets minus your total liabilities
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savings | a positive cash flow in which monthly cash income is more than monthly cash expenses
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value | the satisfaction you get for a purchase
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variable expenses | expenses that vary a lot from one month to the next and are often a matter of choice (i.e. fast food, clothing, entertainment)
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You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
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Created by:
KatherineMagnuson
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