Week 1 Vocab
What is an Asset ?
Anything of value that a person or business owns
What is Closing Costs ?
One-time fees paid at the end of a real estate transaction to finalize the transfer of property ownership.
What are Fincancial Goals ?
Specific actionable targets set for saving, spending, earnings, or investing money to achieve future wants and needs.
What is bankruptcy?
A legal process for individuals or businesses unable to repay outstanding debts.
Who the goat ?
Coach will
What is a Stock (Share)
A Stock (Share) is a fractional ownership share in a corporation.
What is Depreciation ?
A reduction in the value of an asset overtime.
What is Interest?
Money paid regularly at a particular rate for the use of money lent
What is Delinquency?
The state of being late on a financial obligation.
who the best ?
Coach will
What is a Divided ?
A distribution of portion of a company's earnings paid to it's shareholders.
What is Appreciation ?
An increase in the value of an asset overtime.
What is credit Score ?
A number representing a person's credit worth based on their history of managing debt
What is FICO-score ?
Number that predicts credit risk and helps determine loan approval and interest rates.
who the best teahcer
coach will
What is PIE Ratio ?
A valuation metric showing the relatinship between's a company's earnings and per share price.
What are HOA fees ?
Payments made by homeowners to a homeowner association to cover the costs of maintaining shared common areas.
What is credit Report ?
Detailed, written record of an individuals credit history.
What is APR ?
The total yearly cost of borrowing money, expressed as a Percentage.
who the best class
4th period
What is Volume ?
The total quantity of a financial asset like (Stocks,bonds, or contracts) That as been brought and sold overtime.
What are Down Payments ?
An initial upfront partial payment made when purchasing expensive things like a house or car.
What is payment History ?
The documented record of how someone has repaid credit obligations overtime.
What is Principal?
Money lent to a borrower or put into an investment
who made this ?
Maliyah Brown