any item that serves as a method of payment

activities involved with saving, investing, and using money by individuals, businesses, and governments

a rise in the general level of prices

an investment instrument issued by a corporation, government, or other organization representing ownership or a debt

a security representing ownership in a corporation

debt, money that is borrowed by a company or government

markets that specialize in buying and selling financial instruments for short time periods of a year or less

markets in which debt and equity securities that are issued for more than a year are sold

the ease and speed with which an investment can be converted into cash

the process of managing your money to achieve personal economic satisfaction

a formal report with a summary of your current financial situation along with plans for future financial activities

the desired outcome for financial planning

the value of the alternative that is given up when a decision is made

accept deposits from people and businesses to use in the future

often called full-service banks and offer a wide range of financial services

specializes in savings accounts and making loans for home mortgages

a bank that provides a variety of services, but is organized mainly for savings and home loans; it is owned by the depositors

a user-owned, not-for-profit, cooperative financial institution

life insurance companies, investment companies, consumer finance companies, mortgage companies, check-cashing outlets, and pawnshops

the inflow of cash that can be used for paying various expenses

outflow of money by a company

include rent, materials, wages and salaries, utilities, repairs, advertising, supplies, and other necessary business costs

long-term spending for items that will be used over a longer period of time (more than a year)

Government income

a tax levied on the income of individuals

tax based on the value of land and buildings

a state or local tax on goods and services that is collected by the seller.