3rd nine weeks review

35 terms by stefanienvaughn 

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stock

ownership in a corproation

Ask Price

lowest price which the dealer is willing to sell

Bid Price

highest price the buyer is willing to pay

Closing Price

(stock market) the price of the last transaction completed during a day's trading session

Depression

a long-term economic state characterized by unemployment and low prices and low levels of trade and investment

Dividend

profits for people who own stocks in the company

Recession

tempeary slow down in the country

Volume

total number of shares that are being traded

Asset

anything of value that is owned.

Budget

a plan for saving and spending money based on expenses

Collateral

something of value used to sercure a loan

Credit

to use someone else money and pay it back later

Depreciation

a decrease in price or value

Discretionary Expenses

expenses that you may or may not have each month and price can go up and down

income

the financial gain (earned or unearned) accruing over a given period of time

net worth

difference between what you know and what you own

fixed expenses

the amount does not change

gross pay

what you make before taxes get took out

net pay

what you make after taxes got took out

infalction

price is going up

long term goal

sonethig you work towards in a distant future

short term goal

steps you reach in order to get your long term goal

deflaction

price is going down

libility

something you owe

loan

borrow money

needs

things you have to have to live

intrests

amount you earn over the amount of the years

Variable Expenses

expenses where the price can go up from month to month

fixed expenses

expenses where the price stays the same

Unearned Income

money you don't earn yourself

earned income

money you earn yourself

risk

sonething that does not have a garenteed return

wants

things you like to have but not needed

Salary

money paid over a set period of time

Wages

amount of money paid to an employee at a inspecified rate per hour

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