Finance
A spending plan based on income and expenses
What is budget?
money that a borrower owes to a lender.
What is debt?
the land along with any permanent improvements attached to the land, whether natural or man-made
What is real estate?
a limited amount of resources.
The act of allocating resources, usually money, with the expectation of generating an income or profit.
What is investing?
egal status that a person or entity can enter when they’re unable to repay their debts
What is Bankruptcy
a type of stock issued to the majority of shareholders in a company
What is a common stock?
Intentional misrepresentation of information with the intent to deceive or mislead.
What is fraud?
Money given in the form of grants, work-study, loans, and scholarships to help pay for post-secondary tuition and fees, as well as related expenses such as room and board, books, supplies, and transportation
What is financial aid?
Decline in a product’s value that starts the moment a product is purchased.
represents a promise by a borrower to pay a lender their principal and usually interest on a loan.
Cost of the next best use of your money or time when you choose to buy or do one thing rather than another
Expenses that come up unexpectedly, are very important, and need attention right away
What is financial emergencies?
What is the basic accounting equation?
A - L = OE
a group of investments, such as stocks or bonds, in a single fund. It is required that one puts some of their money in a larger pool of funds as it is being managed by professional money managers.
What is a mutual fund?
the total of all value added created in an economy
What is gross domestic product (GDP)?