Financial Terms Flashcards

Financial Terms Flashcards

Assessment

Flashcard

Religious Studies

Vocational training

Hard

Created by

Mauricio Toro

Used 1+ times

FREE Resource

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29 questions

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1.

FLASHCARD QUESTION

Front

Consumer

Back

A person or organization that uses a product or service.

2.

FLASHCARD QUESTION

Front

Debt

Back

Money owed to another person or company.

3.

FLASHCARD QUESTION

Front

Expense

Back

The cost of goods or services; money paid out.

4.

FLASHCARD QUESTION

Front

Financial Plan

Back

A plan of action that allows a person to meet not only their immediate needs but also their long-term goals.

5.

FLASHCARD QUESTION

Front

Interest

Back

The additional cost a lender charges for borrowing their money.

6.

FLASHCARD QUESTION

Front

Paycheck to Paycheck

Back

An expression used to describe a person or household whose monthly income is devoted to expenses and has little to no savings.

7.

FLASHCARD QUESTION

Front

Cash-Flow Statement

Back

A record that summarizes all of the income and outgo (spending) over a certain time period.

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