Economics Vocabulary

3. A share of ownership in a corporation.
5. Earnings from work or investment
6. the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
8. The process of setting money aside to increase wealth over time for long-term financial goals such as retirement
10. An increase in owner's equity resulting from the operation of a business
11. setting aside money for future use
13. Coins and paper bills used as money

1. Paper notes promising to repay money after a certain length of time with interest
2. An amount of money given to the borrower for a set period of time. After the set time has passed, the money must be paid back plus the lending fee, called interest. Payments are normally made over a series of months.
4. Using money to purchase goods and services
7. the price paid for the use of borrowed money
9. an estimate of income and expenditure for a set period of time.
12. Rate Percentage of amount borrowed to be added to the amount loaned and paid back