6 SS Personal Finance Vocabulary

A term for one's work related financial earnings budget is _______________.

• loan

• salary

• savings

• credit

Money that one has on-hand that can be freely spent is considered _________________.

• a loan

• a checking account

• liquid money

• an hourly wage

What is a commission?

• money earned as a percentage of sales or income

• an amount given as credit

• an individual who loans money

• a house payment

The lowest wage permitted by law is...

• debt

• mortgage

• minimum wage

• loan

An individual, bank, or company who loans money is a ____________________.

• borrower

• mortgage

• savings

• lender

A sum of money given at a specific time that must be repaid is a ___________________.

• savings

• commission

• loan

• wage

What is a house payment?

• mortgage

• income

• credit

• savings

Money received from work, investments, or other financial support is __________________.

• loan

• debt

• mortgage

• income

Financial obligations, such as bills, are ___________________.

• expenses

• loans

• credit card debts

• income

A percentage of a borrowed sum of money which must be repaid with the loan itself is ________________.

• commission

• salary

• interest

• income