Investing
Personal Finance
Accounting
Misc
100
act of allocating resources with the expectation of generating an income or profit.
investing
100
spending plan based on income and expenses
budget
100
cash, accounts receivable, and equipments are all..
assets
100
status that a person or entity can enter when they’re unable to repay their debts
bankruptcy
200
spreading investment funds among different asset classes and assets within classes
diversification
200
a number between 280-850 meant to show how worthy an individual is financially
credit score
200
money that a borrower owes to a lender
debt
200
the total of all value added created in an economy
GDP
300
fixed-income securities that are issued by an investor to a government or business where money is inaccessible for duration
bonds
300
what is the difference between net income and gross income?
gross - before taxes, net - after taxes
300
decline in a product’s value that starts the moment a product is purchased
depreciation
300
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
financial aid
400
equation for compound interest
400
popular rule of thumb of % for "needs" "wants" and "savings"
50/30/20
400
3 main financial statements
income statement, cash flow statement, and balance sheet
400
Cost of the next best use of your money or time when you choose to buy or do one thing rather than another
opportunity cost
500
third largest stock market in the world
Shanghai Stock Exchange
500
order from highest risk to lowest risk: stocks, cash, real estate, government bonds,
stocks, real estate, government bonds, cash
500
What is the basic accounting equation?
Assets = Liability + Owner's Equity
500
a deposit account offered by banks and credit unions that may offer higher interest rates on your savings and often includes check-writing
money market account