Consumer math
a retirement savings and investing plan that employers offer
What is 401k?
something that you need to survive
what is Need
lend (a sum of money or item of property)
what is Loan
an initial payment made when something is bought on credit
what is Down payment
the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future
Credit
the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future
What is Credit?
of the equal parts into which a company's capital is divided, entitling the holder to a proportion of the profits
what is Share
a legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt
what is Mortgage
those expenses that stay the same regardless of your sales or business activity and can have a significant impact on your cash flow and budget.
what is Fixed expenses Gross income
sales minus cost of goods sold, general expenses, taxes, and interest.
Net income
a financial tool offered by a bank as a type of loan, with a line of revolving credit that you can access via your card
what is Credit card
Free Application for Federal Student Aid
what is FAFSA
the action of withdrawing something.: "the withdrawal of legal aid
what is Withdrawal
refers to the yearly interest generated by a sum that's charged to borrowers or paid to investors.
what is Annual Percentage Rate
the capital raised by a business or corporation through the issue and subscription of shares
Stock
an initial payment made when something is bought on credit
what is Down payment
vary with increases or decreases in production
what is Variable expenses Wages
a machine that dispenses cash or performs other banking services when an account holder inserts a bank card
what is ATM
a card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.
what is Debit card
a compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions
Taxes
a cash reserve that's specifically set aside for unplanned expenses or financial emergencies.
what is Emergency fund
a compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions
what are Taxes
the state of being bankrupt
what is Bankruptcy
a number from 300 to 850 that rates a consumer's creditworthiness.
what is Credit score
stem from emotional desires and are not necessary for survival or well-being; they are convenient and comfortable.
Want