Vocabulary 3 Week 1

What is "Liability" in financial terms?

• The total value of assets owned by an individual or organization

• A debt or obligation owed to another party

• The amount of money held in a savings account

• The profit earned from investments

The mortgage agreement included a detailed schedule outlining the monthly _______payments, ensuring that the loan would be fully paid off over the specified term.

What does "Foreclosure" refer to?

• The sale of stocks on the open market

• The process by which a lender seizes a property from a borrower who has failed to make mortgage payments

• The act of investing in foreign currencies

• The sale of stocks on the open market

During a ______, many people might lose their jobs because companies aren't making as much money and need to cut costs.

If a store buys a toy for $20 and then can only sell it for $15, they have a $5 _____because they didn't make enough money to cover the cost

What are "Securities?

• Financial instruments such as stocks and bonds that can be traded in financial markets

• Physical assets such as real estate and machinery

• Insurance policies that protect against financial losses

• Government-issued identification documents