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Budgets
Budgets
Financial Records
Financials/Budgets
Financials/Budgets
100
An orderly program for spending, saving, and investing the money you receive is known as
What is a financial plan?
100
Amounts of money owed to others also known as debts are called
What are liabilities?
100
This is a person who promises to pay the debt of another person
What is co-signer?
100
Expenses that may change according to short and long term goals are called
What are variable?
100
The person to whom a negotiable instrument is made payable
What is payee?
200
Money you have to spend as you wish- after all deductions- is known as
What is disposable income?
200
This results from subtracting your debts from the total amount of things you own
What is net worth?
200
A legally enforceable agreement between two or more parties to do or not do something
What is a contract?
200
Persons who are legally able to give sane advice and intelligent consent and are legally capable of of entering into contracts
What is competent parties?
200
This is the % families should set aside for savings from each paycheck
What is 10%?
300
An organized plan whereby you match your expected income with expenses and savings
What is a budget?
300
When income exceeds expenses
What is cash surplus?
300
Unwritten agreements often called ________ contracts are created by the actions of two people
What is implied?
300
A document that is a written order to release or issue money, the most common is a check
What is negotiable instrument?
300
When a valid offer is made and accepted
What is agreement?
400
A computer program that organizes data for easy search and retrieval is
What is a database/Excel?
400
A program organizes data in columns and rows and performs calculations using the data
What is a spreadsheet/Excel?
400
Anything of value exchanged as part of a contract
What is consideration?
400
When a document is verified by a notary it is considered
What is notarized?
400
Changes to the original offer
What is counteroffer?
500
Expenses that remain constant and cannot be easily changed or removed from a budget are called
What are fixed?
500
This word means collectible
What is negotiable?
500
A statement about a products' qualities or performance that the seller assures the buyer are true
What is warranty?
500
The person who creates and signs a promissory note is called
What is maker?
500
Something of value exchanged for something else
What is consideration?