Financial Terminology

3. occurs when the prices of goods and services increase over time.
4. Money that needs to be repaid by the borrower, generally with interest.
7. is a legal status that a person or entity can enter when they're unable to repay their debts.
8. To give something (like money, food, or clothes) to help a person or organization.
10. Money that is made in a business after all the costs and expenses are paid.
12. A portion of a company's profit paid to shareholders.
13. A type of investment that gives people a share of ownership in a company.
15. An _______ is any resource (tangible or intangible, owned or controlled) that holds value.

1. Something you spend your money on that you expect will earn a financial return.
2. loans are used to buy a home or to borrow money against the value of a home you already own.
5. Amount of money you receive in your paycheck after taxes and other deductions are taken out; also called take-home pay.
6. is a plan for using income to meet financial obligations.
9. Objects people want that they can touch or hold, such as toys, clothes, and food.
11. Money earned or received such as wages or salaries, tips, commissions, contracted pay, government transfer payments, dividends on investments, tax refunds, gifts, and inheritances.
12. Money you owe another person or a business.
14. Paper or coin money.