
Vocabulary Review - Financial and Employment Terms

Flashcard
•
Mathematics
•
11th Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
What is a 'Budget' in financial terms?
Back
An estimate of income and expenditure for a set period of time.
2.
FLASHCARD QUESTION
Front
What is the definition of 'tax'?
Back
The amount of money a person must pay to the government to benefit from government services.
3.
FLASHCARD QUESTION
Front
What is an 'Account' in financial terms?
Back
Money deposited with a financial institution for investment and/or safe keeping purposes.
4.
FLASHCARD QUESTION
Front
What is the definition of 'Landlord'?
Back
The person who owns the property you will rent.
5.
FLASHCARD QUESTION
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.
6.
FLASHCARD QUESTION
Front
What is 'Income'?
Back
Money received, especially on a regular basis, for work or through investments.
7.
FLASHCARD QUESTION
Front
What is 'Expenditure'?
Back
The action of spending funds or the amount of money spent.
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