Personal Finance Word Scramble
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Term | Definition |
Asset | Items of monetary value a person or household owns |
Expense | Money Spent |
Income | Money received |
Investment Asset | Financial assets purchased with the hope that they will generate income and appreciate in value to make it possible to sell at a higher price in the future |
Liability | A debt or obligation towards others |
Market Value | The amount you could realistically sell an asset for today |
Monetary asset | Assets that can be quickly and easily converted into cash |
Net Worth | A measure of financial wealth and indicates the monetary value of all possessions that a person or households owns, minus the total amount owed to others |
Statement of Financial Position | A financial statement that describes an individuals or family's condition on a specified date by showing liabilities, assets, and net worth |
Tangible Asset | Personal property that was purchased to create a lifestyle or improve your life |
Wealth | A measuerment of how much a person or household |
Created by:
RobbieJ7
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