P.F.L. Vocabulary Flashcards
Investing
expend money with the expectation of achieving a profit or material result by putting it into financial schemes, shares, or property, or by using it to develop a commercial venture.
Stock
the capital raised by a business or corporation through the issue and subscription of shares.
Savings account
a bank account that earns interest.
Short
Term
Goal
A short-term goal is something you want to do in the near future. The near future can mean today, this week, this month, or even this year. A short-term goal is something you want to accomplish soon.
Mid
Term
Goal
Medium-term goals may take from two months to three years to achieve.
Finance
the management of large amounts of money, especially by governments or large companies.
Emergency fund
An emergency fund is an account that is used to set aside funds to be used in an emergency, such as the loss of a job, an illness or a major expense.
Financial well being
Control over your day-to-day, month-to-month finances,
Capacity to absorb a financial shock, Financial freedom to make choices to enjoy life, and On track to meet your financial goals
Saving
an economy of or reduction in money, time, or another resource.
Interest
2.
money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
Interest rate
the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.
Budget
1.
an estimate of income and expenditure for a set period of time.
Long term
Goal
Long-term goals require three or more years to achieve. Long-term goals may be built upon short-term goals.
