Personal Finance Basic Vocab review

5. money or something of value that you owe to another person or organization
8. money received, especially on a regular basis, for work or through investments.
11. an asset is anything owned that has value and can be converted into cash.
12. committing money with the expectation of generating future returns/money
13. This fee can be a flat dollar amount or a percentage of the transaction value.
15. Worth the value of all assets, minus the total of all liabilities
18. money paid regularly at a particular rate for the use of money lent, or owed
19. money paid to someone in exchange for their work or services, often on an hourly, daily, or weekly basis,
20. a fixed regular payment, typically paid on a monthly or biweekly no matter how many hours are worked
21. Goal is a specific, measurable financial target you aim to achieve within a defined timeframe by setting aside money for a future purpose
22. FLow the movement of money into and out of a company over a certain period of time

1. the money spent on something.
2. a plan that helps you see how much money you have, how much you spend, and how much you can save
3. a number that represents your credit worthiness, or how likely you are to repay borrowed money on time
4. estimate the monetary worth of (something)
6. a gift or a sum of money tendered for a service performed or anticipated
7. a person who purchases goods and services for personal use
9. an occupation undertaken for a significant period of a person's life and with opportunities for progress.
10. an obligation to pay a debt or provide a service that an individual or entity owes to another party
14. things that a person would like to have but are not needed for survival.
16. are things that people require to survive. Food, water, clothing, and shelter
17. Literacyi s the knowledge, skills, and attitudes needed to understand and manage money effectively
20. the money you keep, esp. in a bank or other financial organization: