Career Prep Exam 2 Review

Front

Plan for spending and savings your funds, based on your income and expenses.

Back

Budget

Front

Items of value that you own.

Back

Assets

Front

Debts; money you owe others.

Back

Liabilities

Front

Total amount of money you earn before taxes and deductions.

Back

Gross Income

Front

Amount of money you receive after taxes and deductions.

Back

Net Income

Front

Regular payments that don't vary in amounts.

Back

Fixed Expenses

Front

Fee paid for the opportunity to use someone else's money over a period of time.

Back

Interest

Front

Lack of funds to cover the full amount of a check.

Back

Overdraft

Front

Original amount of money borrowed.

Back

Principal

Front

Property that is pledged to guarantee repayment of a loan.

Back

Collateral