Study Guide

balanced budget

• to spend money or time on an asset, with the hopes that it will increase in value over time
• expenses that are optional
• amounts removed from gross income to pay for taxes and other expenses
• a budget in which the amount spent is less than or equal to the amount taken in

withholdings

• to spend money or time on an asset, with the hopes that it will increase in value over time
• expenses that are optional
• amounts removed from gross income to pay for taxes and other expenses
• a budget in which the amount spent is less than or equal to the amount taken in

invest

• to spend money or time on an asset, with the hopes that it will increase in value over time
• expenses that are optional
• amounts removed from gross income to pay for taxes and other expenses
• a budget in which the amount spent is less than or equal to the amount taken in

discretionary

• to spend money or time on an asset, with the hopes that it will increase in value over time
• expenses that are optional
• amounts removed from gross income to pay for taxes and other expenses
• a budget in which the amount spent is less than or equal to the amount taken in

installment

• a legal agreement allowing a person to use a car or property over a period of time in exchange for payment
• a payment in a series that is made over a long period of time
• an examination of how things are the same or different
• the monetary value of a property or business

comparison

• a legal agreement allowing a person to use a car or property over a period of time in exchange for payment
• a payment in a series that is made over a long period of time
• an examination of how things are the same or different
• the monetary value of a property or business

lease

• a legal agreement allowing a person to use a car or property over a period of time in exchange for payment
• a payment in a series that is made over a long period of time
• an examination of how things are the same or different
• the monetary value of a property or business

mortgage

• an examination of how things are the same or different
• the monetary value of a property or business
• a legal agreement in which a person borrows money for the purchase of a home
• to buy something on credit

equity

• an examination of how things are the same or different
• the monetary value of a property or business
• a legal agreement in which a person borrows money for the purchase of a home
• to buy something on credit

finance

• an examination of how things are the same or different
• the monetary value of a property or business
• a legal agreement in which a person borrows money for the purchase of a home
• to buy something on credit