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Financial Literacy Basic Vocabulary Flashcards | StudBud

Explore/Financial Literacy Basic Vocabulary

Financial Literacy Basic Vocabulary

11 terms·StudBud Administration·127 plays

Basic Vocabulary for Financial Literacy

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Questions 11

Answers

1
Asset
Everything you own
Your possessions minus your debts
What you have earned over your lifetime
Something you own that has value
2
Depreciation
A term for present value
decreases in value over time
Stable in value over time
Increases in value over time
3
Equity
Money lost when your home depreciates
ownership in a company
Money lost in a real estate deal
Money gained in a trade
4
Expenses
Part of every Job
What you Takehome
What you Spend
What you Agree to Pay out of your own Pocket
5
Balance
Your annual earnings minus all expenses
the difference between credits and debits in an account
Wise spending of money
money raised by government for a single project
6
Revenue
What you Earn
What the Government Takes
Income Minus Expenses
Corn Whiskey
7
Bond
Money held by a court to pay if needed
a way companies and governments can borrow to raise money
Money companies pay stockholders
Agent 007 (James)
8
Vesting
Any equity earned
Earning equity all at once
Not earning equity
Earning equity over time
9
Liability
Something you owe for
What's left after taxes
The value of all assets minus debts
Something of value you own
10
Appreciation
term for present value
Increase in value over time
Stable in value over time
Decrease in value over time
11
Net Income
net profit
net earnings
bottom line
total comprehensive income