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| Formalized report that summarizes your current financial situation, analyzes your financial needs, and recommends future financial activities |
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| Daily financial activities necessary to manage current personal economic resources while working toward long-term financial security. |
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Financial statement that reports what an individual or a family owns and owes.
a.k.a. net-worth statement |
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| Items of value that can easily be converted to cash. |
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| Financial statement that summarizes cash receipts and payments for a given period; a.k.a. a personal income and expenditure. |
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| Money left over after paying for housing, food, and other necessities. |
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| A specific plan for spending income; a.k.a. spending plan. |
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| Difference between the amount budgeted and the actual amount receiver or spent. |
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| Actual spending < Planned spending |
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| Failure to meet a financial obligation. |
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Refers to the requirements that lenders must meet before putting a student into default on a loan.
e.g. # of contact attempts, type of contact attempts, etc. |
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| To delay re-payment of your student loan. |
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| A rating that determines your credit worthiness. |
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| Borrowing to increase return on investments. (mortgage, etc.) |
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| Borrowing to finance consumables. (vacation, etc.) |
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| the difference between total assets and total liabilities. |
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| Record of investments and their current value, history of investments with prices of sales, cash on hand, and money borrowed. |
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| Procedure for buying or selling stock in a portfolio |
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| A company owned and run by 1 individual who receives its profits or bears its losses. A proprietorship is not separate from its owner, who is liable for the company debts. |
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| Part of a company's profits that it pays as money to stockholders. |
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| Indicates how much and how quickly the value of an investment, market, or market sector changes. |
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| A business established by a person(s) with no public offering to join as investors. Do not sell stock. |
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