Financial Vocabulary

2. a form of debt incurred by an individual or other entity
3. the price you pay to borrow money or the cost you charge to lend money
4. the cost required for something; the money spent on something
8. money received, especially on a regular basis, for work or through investments
9. the value of the next-best alternative when a decision is made.
14. the state of owing money.
15. a resource that has current or future value to a business.
17. the money that a person has left over after they subtract out their consumer spending from their disposable income over a given time period.
18. the amount of goods and services available to purchase in a country
19. a written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer.
21. a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.

1. a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts.
3. the fraudulent acquisition and use of a person’s private identifying information, usually for financial gain.
5. a general increase in prices and fall in the purchasing value of money
6. to take possession of said money or item for a set period of time before giving it back to the original owner.
7. an agreement between you and a lender that gives the lender the right to take your property if you fail to repay the money you’ve borrowed plus interest.
8. putting your money or other resources toward something you expect to earn income, turn a profit or create some other positive benefit
10. a practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss damage, illness, or death in return for payment of a premium.
11. a more flexible form of finance that allows you to access the amount of money loaned.
12. mandatory contributions levied on individuals or corporations by a government entity
13. when someone leaves the workforce for good
16. wrongful or criminal deception intended to result in financial or personal gain
20. an estimate of income for a set period of time.