Unit 1 Vocab Review

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Across
  1. 2. a share of ownership in a company
  2. 4. the declining value of money due to rising prices
  3. 6. any money that is generated by income
  4. 13. an expense that changes from period to period
  5. 14. a description of a person’s or an organization’s finances
  6. 15. money that is received from any source
  7. 16. someone who makes funds available to another with the expectation that the funds will be repaid plus any interest or fees
  8. 17. the act of buying something or borrowing money with the promise to repay the lender at a future date
  9. 18. any object including cash and investments and property and personal possessions
  10. 19. a current medium of exchange in the form of coins and banknotes
  11. 21. an obligation that legally compels an individual to settle a debt
  12. 22. a detailed plan to manage the spending and saving of money
Down
  1. 1. goals that are specific measurable attainable realistic and time bound
  2. 3. income that is available after all of the essential financial commitments have been paid
  3. 5. expenses that remain the same regardless of the circumstances
  4. 7. the flow of money in and out of a business or a household over a period of time
  5. 8. any expenses that are not considered essential to the household
  6. 9. a fee paid for the use of money over time
  7. 10. an item that is purchased with the hope that it will generate income or increase in value in the future
  8. 11. a great quantity or store of money valuable possessions property or other riches
  9. 12. a financial shortage that occurs when liabilities exceed assets or when more cash is spent than received
  10. 20. the value of a person’s assets less the amount of their liabilities