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Mr.Dale vocab
Mr.Dale vocab
19
Finance
11th Grade
03/26/2013

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Term
Disposable Income
Definition
The money you have left to spend after taxes and other required deductions are taken
Term
Variable expense
Definition
cost that may vary in amount and type depending on the choices you make
Term
Consideration
Definition
something of value exchanged for something else of value
Term
short term needs
Definition
expenses beyond your regualr monthly items
Term
notarized
Definition
a process that verifies the signature of a person who signs documents
Term
Spread sheet
Definition
a computer program That organizes data in columns and rows
Term
liabilities
Definition
money or debt that you owe to others
Term
Financial plan
Definition
a set of goals for spending saving and investing the money you receive
Term
Capacity
Definition
the financial ability to repay a loan and with present income
Term
assets
Definition
items of value that a person owns
Term
Negotiable
Definition
An instrument that is legally collectable
Term
Fixed exspenses
Definition
costs that do not change from month to month
Term
Counter offer
Definition
A rejection of an offer with a listing of what terms would be acceptable
Term
Net worth
Definition
the difference between assets and liabilities
Term
Impulse buying
Definition
buying something without thinking about it
Term
Long term needs
Definition
expenses that are costly and required years pf planning and saving
Term
Warranty
Definition
a written statement about a products quality of performance warranties can also be implied
Term
Budget
Definition
a sending and saving plan based on your expected income
Term
Inflation
Definition
an economic period where prices are rising and purchasing power is decreased
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