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| Term | Definition |
|---|---|
| net worth | assets-liabilities = net worth |
| assets | items that you own |
| liquid assets | cash and items that can be quickly converted into cash |
| liabilities | debts that you owe |
| cash flow | the money that actually goes into and out of your wallet and bank account |
| income | money that you receive |
| take home pay or net pay | the amount of income left after taxes and other deductions are taken out of your gross pay |
| discretionary income | money left after you have paid for needs |
| deficit | situation that occurs if you spend more than you earn or receive |
| surplus | extra money |
| Terms | 10 |
| Creator | geeky |
| Created | September 7, 2009 |
| Groups | None |
| Subject | business and personal finance |
| Access | Anyone |
| Edit | Creator Only |
net worth and other stuff