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usaid fin vocabulary list Flashcards | StudBud
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usaid fin vocabulary list
What is an asset?
What is a tax?
usaid fin vocabulary list
37 terms
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1
What is a tax?
A donation to charity
An optional fee
A required payment to the government
A type of investment
2
What is an asset?
A form of interest payment
A type of insurance
A company’s monthly rent
A resource with financial value that someone owns or controls
3
what is a Bank Account?
A plan of what to spend your income on
a financial arrangement with a bank where you deposit and withdraw money
any cost that contributes to a company's overall cost of doing business
The original money that's borrowed in a loan or placed into an investment
4
a type of bank account made for everyday use like depositing paychecks, paying bills, making purchases with a debit card
a Chequing Account
business account
a savings account
a bank account
5
What does insurance provide?
An investment guarantee
A loan from a bank
A way to earn interest
Financial protection in exchange for regular payments
6
What is a bond
A type of credit score
A form of insurance
A business expense
A loan to a company or government that is repaid with interest
7
what is a Budget
A plan of what to spend your income on
any cost that contributes to a company's overall cost of doing business
Money gained in return for goods/services
8
what is a loan?
the personal, objectives you set for how you'll save and spend money
can be purchased to protect their health, homes, and automobiles.
a sum of money that is expected to be paid back with interest
9
what is Cash Flow?
a measurement of the degree of variability of the return of a market index
the movement of money into and out of a company over a period of time
10
what is an Income?
the amount of money that a person/family has left after paying their taxes
Money gained in return for goods/services
The increase of value in an asset from its original purchase price
11
what is a Discretionary Income?
your income left over after paying taxes and essential living expenses
periodic payments made to shareholders from corporate profits.
12
what is Diversification?
It's when there is a guaranted profit
Its avoiding paying taxes
It's when credit score increases
It's spreading out investments to reduce risk
13
What does equity represent?
The value of an asset after subtracting liabilities
Interest earned
A loan balance
Monthly income
14
what is credit
A debt or obligation owed to another party
The rate of increase in price over a given period
A small loan that needs to be paid back within a certain amount of time
15
What is retirement planning?
Investing in stocks short-term
Getting a mortgage
Saving money in a separate account for future retirement
Paying down student loans
16
what is an Expense?
any cost that contributes to a company's overall cost of doing business
The rate of increase in price over a given period
Mandatory contributions levied on an individual by a government entity
17
Principal is NOT the original sum or money that's borrowed in a loan or placed into an investment
True
False
18
What does owning a stock mean?
Getting a tax refund
Owning a part of a company
Lending money to the government
Having money I the bank
19
What is financial literacy?
Memorizing bank codes
Reading fiction about money
Knowing how to take out loans
The ability to understand and use financial skills effectively
20
what is a Mortgage?
a type of interest accrued on a property
a type of loan used to buy property
21
what is Risk vs. Reward?
When you take risks on something, and you consider the potential reward
when you take a small risk on something and gain a big reward
22
what is a Emergency Fund?
money you pay to emergency services such as police, firefighers
Money you have saved up in case you need it
23
what is a Financial Goal?
when you withdraw or deposit funds into your bank accounts
the personal, big-picture objectives you set for how you'll save and spend
The original money that's borrowed in a loan or placed into an investment
24
What is an ETF?(Exchange Traded Fund)
A type of loan
A bundle of assets you can buy and sell like stocks
A retirement account
A form of insurance
25
What does inflation mean?
Increase in credit scores
Decrease in interest rates
The general rise in prices over time
Lowering of loan amounts
26
what is a Savings Account?
A plan of what to spend your income on
a bank account designed for saving money, and growing funds over time
Spreading out investments into different areas to minimize any Losses
a bank account made for everyday use like depositing paychecks,paying bills
27
what is Net Worth?
a measure of what an entity is worth
how much money you make yearly
28
What is a capital gain?
A tax refund
A business loan
The increase in an asset’s value from when it was bought
A bank fee
29
what is an Investment?
a purchase of stocks, bonds, real estate to acquire capital gains over time
the income tax an employer deducts from an employee's paycheck
30
what is Debit?
Debit is when you withdraw or deposit funds into your bank accounts
Money gained in return for goods/services
is a valuable asset that a borrower pledges as security for a loan
31
What is a portfolio
A tax document
A loan agreement
A collection of financial assets like bonds and stocks
A savings account
32
what is a Disposable Income?
a resource that has financial value that is expected to be useful later
the amount of money that a person/family has left after paying their taxes
A separate account used to store saving for retirement
A debt or obligation owed to another party
33
what is a Credit Score?
a Number that represents how well you pay your bills
a random number given to you that you cant change ranging from 300 to 900
a number showing how much you earn
34
what is Interest?
the cost of borrowing money from a bank, if your late
a resource that an individual, corporation, or country owns or controls
a fixed-income instrument representing a loan by an investor to a borrower
35
What is a dividend?
A form of debt
Interest paid on a loan
A fee for opening an account
A share of a company’s profit paid to investors
36
What is a mutual fund
A company that pools money from investors to buy various securities
A loan from multiple people
A type of bank account
A personal savings account
37
What is a liability?
A debt or financial obligation owed to others
A tax break
A business profit
A credit card reward
