Financial Math

6. cost of pursuing one option instead of another expressed as the value of the activity you gave up
9. money collected by the government from citizens for the purpose of operating the government
13. fees chared by a lender on borrowed money
15. anything on which we spend money
17. assets that have been pledged against loan repayment
18. Internal Revenue Service
19. money a lender makes available to a borrower with understanding they will repay it in the future
20. total amount of a person's income before taxes
22. long-term rental agreement
23. money coming in through wages earned, allowance or other sources
24. forecast of future cash inflows and outflows
25. what we owe

1. legal process in which a court takes over the finances of a person who is unable to pay their bills
2. difference between assets and liabilities
3. type of loan taken out to obtain a home
4. money received from various sources
5. a required portion of the purchase price paid at the time of purchase
7. something you acquire with the ultimate goal of making money
8. expenses that remain the same from period to period
10. total amount a person brings home after taxes
11. something owned
12. "rent" on money you borrow
14. certificates that represent fractional ownership of a firm
16. expenses that may change from one period to the next
19. money paid out or spent
21. the process of forecasting future expenses and income