Scope 23 Build A Budget Vocab Flashcards

Front

money earned

Back

Income

Front

amount you must pay for something

Back

cost

Front

work

Back

labor

Front

the knowledge, skills, and abilities of a person or group of people

Back

human capital

Front

money that a bank allows a person to use

must be paid back with interest

Back

credit

Front

to get money or goods that will have to be returned from a bank or person

Back

borrow

Front

to give money or other goods,

expecting it to be returned

Back

lend

Front

a charge that is paid to a lender

in return for borrowing money

Back

interest

Front

keeping money so it can be used later

Back

saving

Front

using money in exchange for goods or services

Back

spending