Personal Finance Flashcards
What is it called when you receive money
Income
What is it called when you owe money
Debt
What are the plastic cards used to make purchased on credit?
Credit Cards
Expenses that change from month to month
Variable Expenses
What do you call a plan for making and spending money?
Budget
What is the cost required for something: money spent on something?
Expenses
What is it called to retake possession of something when buyer defaults on payment?
Repossess
What do you call assets that people are generally willing to accept in exchange for goods and services or for payment of debits?
Money
Occurs when money is withdrawn from a bank account and the available balance goes below 0
Overdraft
Loans from banks and building societies that are used for to buy land or building such as offices or shops
Mortages
The act of donating money or time to a cause in which you believe in?
Charitable giving
Cost that don’t change every month, what is that called?
Fixed Expenses
What do you call the price payed for borrowed money
Interest
What do you call a system for buying or selling shares for companies
Stock Market
What do you call a charitable donation to public causes?
Philanthropy
