Money And Finance Flashcards

1
Q

Discrepancy

A

A difference between tow figures that should be the same

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2
Q

Oversight

A

A mistake made because somebody failed to notice something

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3
Q

Mix-up

A

A mistake that causes confusion

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4
Q

Misleading

A

Causing someone to believe something that is not true

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5
Q

Inflate

A

To make higher than true figure

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6
Q

Overvalue

A

To give something a value that is too high

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7
Q

Odd numbers

A

1,3,5,7

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8
Q

Even nuners

A

2,4,6,8

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9
Q

Prime numbers

A

2,3,5,7,11

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10
Q

An approximately

A
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11
Q

An aggregate

A
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12
Q

A discrete number of

A
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13
Q

A constant number of

A
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14
Q

Tally

A

Match, agree

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15
Q

Deduct

A

Take away, subtract

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16
Q

Variables

A
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17
Q

Incidence

A
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18
Q

Magnitude

A
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19
Q

Salary

A

Money paid monthly by an employer

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20
Q

Wage

A

Is paid by the day or the hour, usually received weekly

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21
Q

Overtime

A

Money received for working extra hours

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22
Q

Commission

A

Money paid to salespeople and agents - a certain percentage of the income the employee generates

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23
Q

Bonus

A

Extra money is given for meeting a target or for good financial results

24
Q

Fees

A

Money paid to professional people lawyers or architects

25
Social security
Money paid by the government to unemployed and sick people (benefits, allowance)
26
Pension
Money paid by a company or government to a retired person
27
Passive income
Earnings from a rental property, limited partnerships, or another enterprise in witch a person is not actively involved
28
Gig
A short term job ( musicians, freelancers, entertainers)
29
Acquired
30
Living expenses
Money spent on everyday needs such as food, clothes or public transport
31
Bills
Request for the payment of money owed for services such as electricity, gas and phone
32
Rent
Is the money paid for the use of house or flat
33
Mortgage
Repayments of money borrowed to buy a house or flat
34
Health insurance
Financial protection against medical expenses for sickness or accidental injuries
35
Tax
Money paid to finance government
36
Loan
Repayments of money borrowed to buy a car and other items
37
A budget
A financial plan showing how much money a person or organisation to spend and earn
38
Lump sum
39
Grant
40
Fare
41
Fare
42
Fine
43
Will
44
Instalment
45
Thrifty
46
To squander
47
Levying
48
Mandatory
49
levy excise taxes or excise duties
50
Income tax
51
Sales, VAT taxes
52
Inheritance tax
53
Social Security tax
54
Tariffs
55
Capital gain tax
56
Tax havens
57
Levy