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Personal Finance
2.01 key terms
18
Finance
10th Grade
02/29/2012

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Cards

Term
Age
Definition
The extended time length of how old something is.
Term
Dependent
Definition
An individual who relies on someone else for financial sopport.
Term
Economic Outlook
Definition
Forecasted expectations for how well the economy will perform during an upcoming quarter, year or other time period.
Term
education level
Definition
The level of ones ability on knowledge.
Term
employment status
Definition
In certain positions that are otherwise classified as "regular, full-time" or "regular,
part-time.
Term
health condition
Definition
The state of someones physical, social, and mental well being.
Term
marital status
Definition
the condition of being married or unmarried.
Term
wealth
Definition
An abundance of assets that are accumulated over time.
Term
basic wealth protection
Definition
Safeguarding one's wealth against those who may
have claims against it.
Term
wealth accumulation
Definition
assets
invested with the expectation that paid off the
short term debt.
Term
wealth distribution
Definition
The comparision of wealth of various members or groups in a society.
Term
beginning family
Definition
A start of a family.
Term
expanding family
Definition
A family growing over a period of time.
Term
parenting family
Definition
A supportive person in a family (the care giver).
Term
launching family
Definition
A family taking action like having a child.
Term
mid-years family
Definition
A mid-aged family
Term
aging family
Definition
A family ageing over time.
Term
variations
Definition
The act, process, or accident of varying in condition, character, or degree.
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