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FINANCIAL MANAGEMENT
CHAPTERS 1
18
Accounting
Undergraduate 1
07/01/2008

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Cards

Term

 

STANDARD

OF

LIVING

Definition

 

 

 

THE NECESSITIES, COMFORTS, AND LUXURIES ONE SEEKS TO OBTAIN OR MAINTAIN

Term

 

 

 

LIFESTYLE

Definition

 

 

 

 

AN EXPRESSION OF HOW ONE LIVES ONE'S DAILY LIFE

Term

 

 

BUSINESS CYCLE

Definition

 

 

 

 PERIODIC EXPANSIONS AND CONTRACTIONS IN ECONOMIC ACTIVITY

Term

 

 

 

GROSS DOMESTIC PRODUCT

(GDP)

Definition

 

 

 

A MEASURE OF A NATION'S OVERALL ECONOMIC ACTIVITY

Term

 

 

 

FINANCIAL PLAN

Definition

 

 

 

A GUIDE TO HELP AN INDIVIDUAL OR HOUSEHOLD REACH TARGETED GOALS IN THE FUTURE

Term

 

 

 

PERSONAL INCOME

Definition

 

 

 

THE AMOUNT OF MONEY ACTUALLY RECIEVED BY INDIVIDUALS

Term

 

 

 

DISPOSABLE PERSONAL INCOME

Definition

 

 

 

PERSONAL INCOME AFTER TAXES

Term

 

 

 

DISCRETIONARY PERSONAL INCOME

Definition

 

 

 

PERSONAL INCOME AFTER TAXES AND AFTER BASIC LIVING EXPENSES

Term

 

 

 

UNEMPLOYMENT RATE

Definition

 

 

 

 THE PERCENTAGE OF THE WORKFORCE CURRENTLY LOOKING FOR WORK

Term

 

 

 

INFLATION

Definition

 

 

INCREASES IN THE LEVEL OF PRICES OF GOODS AND SERVICES

Term

 

 

 

CONSUMER PRICE INDEX

(CPI)

Definition

 

 

THE MOST WIDLEY KNOWN MEASURE OF INFLATION

Term

 

 

 

INTEREST

Definition

 

 

THE PAYMENT ONE MAKES TO BORROW FUNDS AND WHAT IS EARNED WHEN ONE SAVES MONEY

Term

 

 

 

OPPORTUNITY COSTS

Definition

 

 

 

 

THE COST OF WHAT IS GIVEN UP WHEN A DECISION IS MADE

Term

 

 

 

FUTURE VALUE

Definition

 

 

THE VALUE AT SOME POINT IN THE FUTURE OF A CURRENT SUM OF MONEY

Term

 

 

 

COMPOUND INTEREST

Definition

 

 

 

A PAYMENT OF INTEREST ON INTEREST

Term

 

 

 

SIMPLE INTEREST

Definition

 

 

 

INTEREST ON THE ORIGINAL DEPOSIT ONLY

Term

 

 

 

PRESENT VALUE

Definition

 

 

 

THE VALUE OF A FUTURE SUM OF MONEY

Term

 

 

 

DISCOUNTING

Definition

 

 

 

FINDING THE PRESENT VALUE OF A FUTURE SUM

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