Elementary Finance Vocabulary - Banzai

Front

Budget

Back

Plan for spending money

Front

Business Expense

Back

Important expense for job

Front

Competition (between similar businesses) lead to...

Back

More choices and better prices

Front

Deposit

Back

Money given to bank for safekeeping

Front

Debt

Back

Amount owed to someone

Front

Expense

Back

Money spent

Front

Income

Back

Money earned from work

Front

Interest

Back

Charge for borrowing money (figured as a percentage)

Front

Check

Back

A piece of paper that you fill out that allows you to buy things with money directly from your checking account

Front

Loan

Back

Borrowed money that must be paid back