Term 1
The sum of a set of numbers divided by how many numbers are in the set
What is an Average?
An amount subtracted from the original price of an item
What is a Discount?
An organized chart used to list things you spent money on for a certain period of time, such as a week or a month
What is an Expense Record?
Something that is more important than other things
What is a Priority?
The monthly fee paid to a landlord for a place to live
What is Rent?
The total amount of money you owe on your account
What is a Balance?
A card that allows you to buy items now and pay for the later
What is a Credit Card?
The last day a product can be sold
What is the Expiration Date?
A comparison of one amount with another amount
What is a Ratio?
The distance around a figure or room.
What is a Perimeter?
A markdown of prices in a sore to reduce stock
What is a Clearance Sale?
To put money into a bank account
What is a Deposit?
The amount of money paid for one hour of work
What is Hourly Wage?
Money paid to a company to buy insurance
What is a Premium?
To make a good guess about the future
What is Predict?
Interest on the principal and on the interest already earned
What is Compound Interest?
Reduction in your income tax for each person you support, including yourself
What is an Exemption?
Items needed for the home
What are Household Necessities?
A local tax on property that is paid by the owner
What is Real Estate Tax?
Amount of money received after deductions have been taken
What is Net Pay?
Something of value used as security for a loan
What is Collateral?
The number of miles a car can travel on a gallon of gas
What is Gas Mileage?
Not perfect
What is Irregular?
Money paid to the government based on a percentage of the cost off the item
What is Sales Tax?
To let someone borrow money
What is a Loan?