Finance Vocab

5. Unauthorized use of attempted use of an existing account.
6. A form of debt incurred by an individual or other entity.
8. When someone leaves the workforce for good.
9. The money that a person has left over after they subtract out their consumer spending from their dispoable income over a given time period.
12. To receive money from another party with the agreement that the money will be repaid.
13. Mandatory contributions levied on individuals or corporations by a government entity.
15. Involves deceit with the intention to illegal or unethically gain at the expense of another.
16. The practice of using a company's balance sheet assets (such as investments or inventory) as a security to borrow money or take out a loan against what you already own.
18. A spending plan based on income and expenses.
21. A cost that business incur in running their operations.
22. The value of the next-best alternative when a decision is made.

1. A decrease in the purchasing power of money.
2. A more flexible form of finance that allows you to access the amount of money loaned, according to your needs at any given time.
3. 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 borrowed plus interest.
4. A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer.
5. The price you pay to borrow money or the cost you charge to lend money.
7. A collection of investments and holdings.
10. The amount of money property and other transfers of value received over a set period of time in exchange for services.
11. An amount of money borrowed by one from another.
14. The amount of goods and services available to purchase in a country.
17. A way to manage your risk.
19. A person who undertakes the risk of starting a new business venture.
20. A legal proceeding initiated when a person or business is unable to repay outstanding debts for obligations.