PFL Vocab Chs. 1-4

3. An expense that changes from one period to the next
5. A legal process in which a court takes over some of the finances of a person who is unable to pay his or her bills
7. Money spent
8. Money coming in through wages earned, allowance, or other sources
10. Financial issues that can affect an individual
11. Assets minus liabilities
12. What is owed (debt)
13. A list of planned expenses and revenues
14. Buildings and land
16. Something owned; something to which you have the rights
17. An expense that remains the same from period to period
18. A fractional share of ownership in a company
20. The process of planning every aspect of personal finance

1. The opportunity lost to do something with money when an individual uses that money to do something else
2. Lists a person's assets and liabilities
4. Fee charged by a lender on borrowed money
6. Something acquired with the goal of making money
9. Something owned that can be rapidly converted to cash without a risk of significant loss
15. Anything on which money is spent
19. Money received