Economics and Finance Terms

Front

interest

Back

an amount received or paid for the use of money

Front

loan

Back

money borrowed that must be repaid, usually with interest

Front

prototype

Back

a model or sample of a product to be produced

Front

public goods and services

Back

provided by the government for the use of all people

Front

endorse

Back

to write a signature on the back of a check

Front

ethics

Back

the standards that determine what is good, right and proper

Front

financial institution

Back

businesses that provide money related services

Front

scarcity

Back

a condition in which people cannot have everything they want because of limited resources

Front

philanthropy

Back

the effort to increase the well-being of people through charitable giving

Front

taxes

Back

payments that citizens and businesses are required to make to a government