Personal Finance Unit Review

Front

money received from work, investments, or other financial support

Back

income

Front

amount of money a person owes

Back

debt

Front

money that is borrowed from a financial institution and must be paid back

Back

credit

Front

a percentage of a borrowed sum of money which must be paid in addition to the repayment of the loan itself

Back

interest

Front

the lowest wage permitted by law; in the U.S., $7.25 an hour

Back

minimum wage

Front

financial obligations, such as bills

Back

expenses

Front

terms for one’s work-related financial earnings

Back

salary

Front

money set aside for later use or in case of emergencies

Back

savings

Front

a sum of money given for designated period of time which must be repaid

Back

loan

Front

Financial Institution: Bank, Home, Store, Gas Station

Back

Bank