Personal Finance #3 Word Scramble
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Question | Answer |
An offer made and accepted | Mutual assent |
Costs you are obligated to pay at specific times, regardless of other events | Fixed expenses |
Costs that vary in amount and type, depending on events and the choices you make | Variable expenses |
A legally enforceable agreement between two or more parties | Contract |
Anything of value that a person owns | Assets |
A person who promises to pay a note if the maker fails to pay | Co-signer |
A statement about a product's qualities or performance that the seller assures the buyer are true | Warranty |
An orderly program for spending,saving, and investing your income | Financial Plan |
A spending and saving plan based on your expected income and expenses | Budget |
Money that you owe to others, also known as debt | Liabilities |
An unconditional written promise to pay a specified sum of money upon demand of the holder | Negotiable instrument |
A computer program that organizes data in columns and rows and can perform calculations using the data | Spreadsheet |
A computer program that organizes data for easy search and retrieval | Database |
Money you have left to spend or save after taxes have been paid | Disposable income |
Difference between assets and liabilities | Net worth |
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