Bankruptcy
Unit 12 Financial and Economic Terms
Flashcard
•
Social Studies
•
8th Grade
•
Hard
Kelli Smith
FREE Resource
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15 questions
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1.
FLASHCARD QUESTION
Front
Back
A legal proceeding involving a person or business that is unable to repay outstanding debts.
2.
FLASHCARD QUESTION
Front
Credit
Back
An amount of money loaned to a person that must be paid back along with additional interest.
3.
FLASHCARD QUESTION
Front
Debt
Back
An amount of money borrowed by one party from another party.
4.
FLASHCARD QUESTION
Front
Interest
Back
An additional amount you pay to use borrowed money.
5.
FLASHCARD QUESTION
Front
Saving
Back
Setting aside of income for future use.
6.
FLASHCARD QUESTION
Front
Budget
Back
A plan for spending.
7.
FLASHCARD QUESTION
Front
Spending
Back
The amount a person purchases.
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