Quizlet: Personal Finance

5. The granting of money or something else of value in exchange for a promise of future payment.
6. Costs incurred for goods and services
7. Money received for labor or services.
8. An economic value of something you own
13. Condition where people are without jobs and actively seeking work.
16. A promise between two parties that is enforceable by law.
18. A printed form telling your bank to pay another person or account
19. Person who owns the home you are renting from.
20. Your bank houses these

1. A legal process to get out of debt when you can no longer make all your required payments
2. Money owed that was exchanged for goods or services.
3. Something you should do every month to keep track of your money
4. Failure to make payments for a credit agreement
9. People 16 years and older who have jobs
10. Required property to secure a loan with a bank
11. The failure to pay interest or principal when due.
12. A share of ownership in a company.
14. Businesses that accept deposits and make loans.
15. Things offered by your employer or favorable for you.
17. Annual percentage rate