Unit 6 Vocab

What does "cost comparison" mean?

• : the process of comparing the price of different products or services

• financially sound enough to justify the extension of credit; includes factors such as repayment history and credit score

• a person who relies on another, especially for financial support

• : a reduction in the value of an asset with the passage of time

What does "creditworthy" mean?

• : the process of comparing the price of different products or services

• financially sound enough to justify the extension of credit; includes factors such as repayment history and credit score

• a person who relies on another, especially for financial support

• : a reduction in the value of an asset with the passage of time

What does "dependents" mean?

• : the process of comparing the price of different products or services

• financially sound enough to justify the extension of credit; includes factors such as repayment history and credit score

• a person who relies on another, especially for financial support

• : a reduction in the value of an asset with the passage of time

What does "depreciation" mean?

• : the process of comparing the price of different products or services

• financially sound enough to justify the extension of credit; includes factors such as repayment history and credit score

• a person who relies on another, especially for financial support

• : a reduction in the value of an asset with the passage of time

What does "expense" mean?

• the cost required for something; the money spent on something

• a person who is employed to provide financial services or guidance to clients

• an expense that will be the same total amount regardless of changes in the amount of sales, production, or some other activity

• an individual's total pay before accounting for taxes or other deductions

What does "financial advisor" mean?

• the cost required for something; the money spent on something

• a person who is employed to provide financial services or guidance to clients

• an expense that will be the same total amount regardless of changes in the amount of sales, production, or some other activity

• an individual's total pay before accounting for taxes or other deductions

What does "fixed expense" mean?

• the cost required for something; the money spent on something

• a person who is employed to provide financial services or guidance to clients

• an expense that will be the same total amount regardless of changes in the amount of sales, production, or some other activity

• an individual's total pay before accounting for taxes or other deductions

What does "gross income" mean?

• the cost required for something; the money spent on something

• a person who is employed to provide financial services or guidance to clients

• an expense that will be the same total amount regardless of changes in the amount of sales, production, or some other activity

• an individual's total pay before accounting for taxes or other deductions

What does "income" mean?

• money received, especially on a regular basis, for work or through investments

• tax levied by a government directly on income, especially an annual tax on personal income

• a general increase in prices and fall in the purchasing value of money

• the federal health insurance program for people who are 65 or older; certain younger people with disabilities

What does "income tax" mean?

• money received, especially on a regular basis, for work or through investments

• tax levied by a government directly on income, especially an annual tax on personal income

• a general increase in prices and fall in the purchasing value of money

• the federal health insurance program for people who are 65 or older; certain younger people with disabilities