The person who borrows money or uses another form of credit.
What is a borrower?
100
An organized plan whereby you match your expected income to your expected outflow
What is a budget?
100
Cash or anthing that can be converted into cash
What is an asset?
100
The number of days between your last bill and your current bill
What is a billing cycle?
100
A person who buys and sells stock on an exchange, on behalf of a buyer or investor
What is a broker?
200
Interest paid on the original principal plus the accumulated interest.
What is compound interest?
200
The privilege of borrowing something now, with the agreement to pay for it later
What is credit?
200
To reconcile the sums of the debits and credits of an account
What is to balance?
200
The total amount that is financed or borrowed an on which interest is compounded
What is principal?
200
A rising stock market (in both volume and prices), which is characterized by optimism
What is a bullish market?
300
Savings, bonds, insurance policy, jewelry, property or other item that is pledged to pay off a loan or other debt if payments are not made according to the contract; also called security
What is collateral?
300
A card that allows you to buy items on credit and pay off your debt over time.
What is a credit card?
300
The term used to describe anything the company is required to pay bak.
What is a liability?
300
The unsued portion of the credit for which one is eligible.
What is available credit?
300
Pay based on a percentage of sales.
What is commission?
400
A loan based on a consumer's promise to pay without savings or other collateral as a guarantee
What is unsecured loan?
400
Authorized deductions from your checking account, such as for insurance premiums, safe deposit box fees, or other payments
What is automatic deductions?
400
The accounting equation
What is assets = liabilities + equity?
400
A method of computing finance charges in which creditors add your balances for each day in a billing period, and then divide by the number of days in the period
What is average daily balance?
400
: A corporation's after-tax earnings divided by the number of shares of common stock outstanding
What is earnings per share?
500
: Someone who signs a loan with the borrower and promises to assume the responsibility of repaying the debt in the event that the borrower does not repay it
What is a co-signer?
500
: A written report issued by a credit bureau that contains relevant information about a person's creditworthiness
What is a credit report?
500
When expenses exceed revenue.
What is a net loss?
500
A loan taken out by charging an amount of cash to a credit card?