Words of the first 3 letters of the English alphabet
The action or process of reducing or paying off a debt with scheduled, pre-determined installments that include principal and interest.
Amortization
placing money into the care of a bank or other financial instution
deposit
all the money you earned before taxes and other deductions are subtracted
gross income
the money u originally need to pay back
principal
mandatory contributions levied on individuals or corporations by a government entity
taxes
An increase in value over time
Appreciation
the reduction in value of an asset over time
depreciation
an asset or item acquired with the goal of generating income or appreciation
investment
something necessary for survival or basic functioning
Need
compensation paid to employees in exchange for their time and labor
wages
a legal proceeding initiated when a person or business is unable to repay outstanding debts or obligations
bankruptcy
A separate savings account used to cover or offset the expense of an unforeseen situation
Emergency Fund
a sum of money that one or more individuals or companies borrow from a bank or other financial instution
loan
the money you may have available after taxes and deductions are taxes out of your paycheck
net income
things that are nice to have but not nesscary
wants
budget
a form filled out by current and future undergraduate and graduate college students in the US to determine whether they are eligible for student financial aid
FAFSA
using your personal info - name,ss number,credit card number, without your permission
identity theft
equity ownership in a corporation or financial asset, owned by investors who exchange capital in return for these units
share
removing funds from a bank account, savings plan, pension, or trust
withdrawal
The maximum amount of money a lender will allow you to spend on a credit card or a line of credit
credit limit
an expense in your budget that you can expect to stay the same or close to It over time
fixed expenses
A wage set by contract or law as the lowest that may be paid to an employee
minimum wage
a security that represents the ownership of a fraction of the issuing corparation
stock
a federal program that provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses
work-study program