Vocabulary Review - Financial and Employment Terms

Front

What is a 'Budget' in financial terms?

Back

An estimate of income and expenditure for a set period of time.

Front

What is the definition of 'tax'?

Back

The amount of money a person must pay to the government to benefit from government services.

Front

What is an 'Account' in financial terms?

Back

Money deposited with a financial institution for investment and/or safe keeping purposes.

Front

What is the definition of 'Landlord'?

Back

The person who owns the property you will rent.

Front

What is the definition of 'Lease'?

Back

A written agreement between the landlord and the tenant that details the amount of rent and the time you will rent the apartment.

Front

What is 'Income'?

Back

Money received, especially on a regular basis, for work or through investments.

Front

What is 'Expenditure'?

Back

The action of spending funds or the amount of money spent.

Front

What is 'Rent'?

Back

A payment made periodically by a tenant to a landlord for the use of land or property.

Front

What is 'Deposit'?

Back

A sum of money placed in a bank account.

Front

What is 'Interest'?

Back

The cost of borrowing money, usually expressed as a percentage of the amount borrowed.