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Financial Security
n/a
16
Finance
12th Grade
02/21/2013

Additional Finance Flashcards

 


 

Cards

Term
Financial Literacy
Definition
ability to understand finance
Term
Budget
Definition
An estimate of income and expenditure for a set period of time
Term
Income
Definition
Money received, esp. on a regular basis, for work or through investments.
Term
Expense
Definition
The cost required for something; the money spent on something.
Term
Fixed Expense
Definition
Costs of owning and operating a property that are not discretionary and, except for occasional increases
Term
Variable Expense
Definition
Variable costs are expenses that change in proportion to the activity of a business
Term
Philanthropy
Definition
The desire to promote the welfare of others, expressed esp. by the generous donation of money to good causes.
Term
Cash Flow Statement
Definition
amount of cash generated and used by a company in a given period.
Term
Net Worth Statement
Definition
potential lenders are likely to ask for a statement of your net worth.
Term
Net Worth
Definition
The amount by which assets exceed liabilities
Term
Liability
Definition
The state of being responsible for something, esp. by law.
Term
Wealth
Definition
An abundance of valuable possessions or money.
Term
Family Life Cycle
Definition
The stages of family life common in the United States, including singlehood, marriage, married with children, senior couples, and single
Term
Demographics
Definition
Statistical data relating to the population and particular groups within it: "the demographics of book buyers".
Term
Family Crisis
Definition
It is a situation when the family members “need” to make a change either to make things better or let things get worse.
Term
Recordkeeping
Definition
Systematic procedure by which the records of an organization are created, captured, maintained
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