Financial Terms

2. the money that clients or customers owe a business for products or services provided to them
3. a debt or amount of money that an entity owes to another entity
5. the total value of what an individual or business owns minus the amount owed in debts
7. also known as a profit and loss statement, is another core financial document for businesses
13. investments in debt, representing a type of fixed-income securities
14. the additional money individuals must pay when borrowing money
15. a financial plan developed by an entity that determines how much money they plan to spend over a particular period
17. the money that a business owes to other entities for provided goods or services
18. the costs of operating a business and are related to generating revenue
20. the increase in value of an asset or investment above its initial purchase price
23. an item with economic value that an entity owns and appears on businesses' balance sheets
24. a contractual agreement in which a lender loans money to a borrower, understanding that the borrower intends to repay it later

1. the third core financial document for businesses. This document reflects the movement of money in and out of a business over a particular period
2. the total income earned from wages or investments minus IRS-approved income adjustments
4. the additional money individuals must pay when borrowing money
6. the process of repaying debt in regular installments over a specified period
8. a three-digit number that measures an individual's trustworthiness to pay back loans or debts
9. an organization's decision about the assets in which it plans to invest
10. a loan used to buy property
11. the amount of money an entity earns for selling goods and services or from investments
12. one of the three core financial documents created by businesses. It represents an organization's financial position at a certain point in time by displaying its assets, liabilities and shareholders' equity
16. an allocation of money with the expectation of a profit or material benefit in return
19. also called equities, are portions or shares of ownership in a company
21. a sum of money or an item that one entity lets another entity borrow
22. fees paid by individuals or entities to governments that fund government spending and public programs