Terms You Should Know

4. the price the seller will accept and the buyer will pay
6. Money that comes in from property, business, work, and gifts
7. The things you desire over and above things you need
9. company provided supplements to income
13. an account where you deposit money and earn interest on the balance, typically used for storing money for future needs or emergencies
16. the record of debits, credits, and all other activity on an account
17. all taxable income received including wages, tips, salaries, interest, dividends, etc
19. a financial institution that accumulates deposits and channels money into lending activity
20. an organized plan that matches your expected income to your expected expenses

1. to reconcile the sums of debits and credits in an account
2. document that orders a bank to pay a specific amount of money from a person's bank account to the person/organization to whom it has been written
3. what you give up in order to obtain something
5. a contribution made to state or federal revenue
8. The things necessary for survival like food, shelter, and clothing
10. allocating money into assets such as stocks, bonds, or real estate with the expectation of generating income or appreciation over time
11. Fee for borrowing money
12. money borrowed from lenders that must be repaid, often with interest.
14. borrowed money that must be repaid with interest
15. the money you spend on goods and services ,including necessities like food and housing or discretionary spending like entertainment and hobbies
18. a numerical representation of your creditworthiness based on your credit history.