Standard 7 Vocabulary

3. The amount paid or payable.
5. The amount borrowed on a loan or put into an account, on which interest is based.
8. Items you spend money on.
9. A real estate loan that gives the lender the right to seize and sell the property if the borrower fails to make the payments on the loan.
12. Money withheld by an employer from an employee's paycheck to pay federal government taxes.
14. Protection against the costs of medical expenses.
16. Any money left over after expenses have been deducted from gross profits, also called net profit.
17. A gift or payment to a common fund or collection.
18. The amount of money you earn before anything is taken out for taxes or other deductions.
20. A special bank account for storing money for future use.
21. The amount of money paid for the use of a lender's money.
22. Routine expenses, such as food, utilities, and clothing, that vary from month to month.

1. The costs of public services such as electricity, water, and gas.
2. Public services such as electricity, water, and gas.
4. Fixed regular payment made by an employer to an employee.
6. Financial protection for homeowners against fire, theft of contents, personal liability, and other damages.
7. Taxes collected by the city or county from homeowners to pay for roads, parks, schools, and other public services.
10. Extra monies set aside to be used for unpredictable expenses, such as medical bills and vehicle repairs.
11. A plan for using money in a way that best meets your wants and needs.
13. A written, dated, and signed instrument that contains an unconditional order from the drawer that directs a bank to pay a definite sum of money to a payee.
15. An extended period of recreation, especially one spent away from home or in traveling.
19. A fixed amount of money earned on a regular basis, received weekly, bi-weekly, semimonthly, or monthly.