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vocab
vocab
12
Finance
11th Grade
02/22/2013

Additional Finance Flashcards

 


 

Cards

Term
Financial Literacy
Definition
is the ability to understand how money works in the world
Term
Budget
Definition
An estimate of income and expenditure for a set period of time.


An estimate of income and expenditure for a set period of time




An estimate of income and expenditure for a set period of time.








An estimate of income and expenditure for a set period of time.






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
a periodic charge that does not vary with business volume (as insurance or rent or mortgage payments etc.)
Term
Variable Expense
Definition
are expenses that change in proportion to the activity of a business
Term
Philanthrophy
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
is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing, and financing activities.
Term
Net Worth Statement
Definition
Term
Net Worth
Definition
Term
Liability
Definition
The state of being responsible for something, esp. by law
Term
Wealth
Definition
An abundance of valuable possessions or money.
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