Money 101 Vocabulary

1. gas, electricity, water, garbage, and other bills.
4. purchases that are not necessary but which are desired.
5. to take money out of an account or keep a record of this.
9. a deficit in a bank account caused by drawing more money than the account holds.
11. an account at a bank against which checks can be drawn by the account depositor.
12. money you owe a person or a business.
14. a legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.
16. a payment made to a professional person or to a professional or public body in exchange for advice or services.
17. money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
18. a bank account that earns interest.
19. the ability to borrow money under the agreement that you'll repay the debt later.
20. the action of making or agreeing to make an advance payment in order to receive or participate in something.

2. a thing providing protection against a possible eventuality.
3. pay someone for the use of (something, typically property, land, or a car).
6. money received, especially on a regular basis, for work or through investments.
7. a compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.
8. the action or process of paying someone or something or of being paid.
10. the cost required for something; the money spent on something.
13. an estimate of income and expenditure for a set period of time.
15. a bad or unhealthy habit, especially which costs money.