Financial Vocabulary

3. The initial amount of money borrowed or invested
4. Each number in a sequence.
6. Linear ________: A type of arithmetic sequence where the common different (d) is greater than 0 and the terms are increasing.
8. _____ cost depreciation: An asset loses value at a constant amount after each use.
11. _____ interest Investment: A type of investment where the interest earned is calculated as a percentage of the principal, meaning that the investment increases by the same amount each period.
13. A list of terms, connected by a rule/pattern.
14. A business or person who lends money (eg the bank)
15. An item, usually of value, (eg car, painting, home, machine).

1. Linear _______: A type of arithmetic sequence where the common different (d) is less than 0 and the terms are decreasing.
2. A financial plan in which a person deposits money into a financial institution (eg stocks, shares, bank). The person makes a profit from the interest generated.
5. A fixed amount by which a sequence increases or decreases. Any term minus the pervious term.
7. Interest is calculated as a percentage of the principal, meaning that the investment or loan increases/decreases by the same amount each period.
9. The value of an account decreases. An asset loses value.
10. A fee charged by the lender as a cost for borrowing money.
12. A financial plan in which a lender will give money, with the agreement it is paid back, including interest.