+
Related Flashcards
Cards In This Set
| Front | Back |
|
Disposable income
|
The money you have left to spend or save after taxes have been paid.
|
|
Financial plan
|
A program fpr spending, savings and investing the money you earn.
|
|
Budget
|
A spending and saving plan based on your expected income and expenses.
|
|
Fixed Expenses
|
Are costs you are obligated to pay at specific times, regardless of other events.
|
|
Variable Expenses
|
Are costs that vary in amount and type, depending on events and the choices you make.
|
|
Assets
|
A list of items of value that peraon owns.
|
|
Liabilities
|
Amounts of money that are owed to others.
|
|
Net worth
|
The difference between the two.
|
|
Contract
|
A legally enforceable agreement between two or more parties to do or not to do something.
|
|
Mutual assent
|
When an offer is made and accepted.
|
|
Consideration
|
Is anything of value exchanged as part of a contract.
|
|
Negotiable Instrument
|
Is an unconditional written promise to pay a specified sum of money upon demand of the holder.
|
|
Co-signer
|
Is a person who promises to pay the note if the maker fails to pay.
|
|
Warranty
|
Is a statement about a product's qualities or performance that the seller assures the buyer are true
|
|
Spreadsheet
|
Is a computer program that organizes dara in columns and rows and can perform calculations using the data.
|
