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Stock a small piece ownership of a company Ask Price the lowest price at which a seller is willing to accept Bid Price the highest price the buyer is willing to pay Closing Price (stock market) the final price of the last trading day Depression a downward-term of economic activity Dividend profits made off of a stock by the stockholders Recession a temporary downward term of economic activity Volume total number of shares being traded Asset something of value that is owned Budget a plan for spending and saving money based on your income and expences Collateral something of value used to secure a loan Credit temporary loan of funds in order to purchase something now Depreciation to lose value Discretionary Expenses expences that are not neccessary or are adjustable Income recieved for goods or services Earned Income geting a salary or hourly wage earned through employment or effort. meaning something to work for Unearned Income money recieved through inheritance, gifts, ect.... Fixed Expenses regular payments that do not change.like rent or mortgage or loans Variable Expenses expences that can be increased or decreaced Gross Pay the total amount of money earned before deductions are taken out. Interest a fee charged in return for the use of someones money mnoey earned in returned expences Liability something you owe for Loan to borrow money from some type of purchase Needs Things that you have to have that neccarry Net Pay the amount of money available to the employee after deduction Risks something that does not happen in a gurranteed return Wants thing that you do not have to have Salary a set amount of money within a fixed time Wages earnings payed by the hour or day Affluence abundance of money, property, and other material goods Inflation when the price of goods go up over period of time Deflation the price of goods go down over period of time Long Term Goal something in the distant future that you work towards Short Term Goal steps that are used to accomplish a long term goal Net Worth the difference between in which you own and what you owe. Ca Ca asdfghklsjfgiitrujajajajajajaj Da Dookie That Dookies IN Your Mama's Pants Haha ha hahahahahahahahahahahahahahahahahahahaXDfghrtywerasdxcvbnhjdfgh