Personal and Business Finances part 1

What is a fee?

• A printed statement showing the money owed for services, goods, or utilities

• A fixed price paid for services

What is a mortgage?

• A particular kind of loan specifically for purchasing property

• The percentage charged by the lender for the loan

What is a bargain?

• An item offered for sale at a lower price than expected

• Something that you buy that was too expensive for the quality you got

What is a bill?

• A printed statement showing the money owed for services, goods, or utilities

• A fixed price paid for services

What is an installment?

• One of a number of payments of a fixed amount paid for goods or services over a specific period of time

• A single payment that is made at a given time instead of paying in installments

What is a budget?

• The amount of money that you have available to spend

• The total amount of money made by an organization’s operations over a given period

What is a rip-off?

• An item offered for sale at a lower price than expected

• Something that you buy that was too expensive for the quality you got

What is an interest rate?

• A particular kind of loan specifically for purchasing property

• The percentage charged by the lender for the loan

What are expenses?

• The money that a person or company has to pay for goods or services

• The money that remains from the revenue after all the taxes and expenses have been deducted

What is a lump sum?

• One of a number of payments of a fixed amount paid for goods or services over a specific period of time

• A single payment that is made at a given time instead of paying in installments