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financial plan

An orderly program for spending, saving, and investing the money you receive is known as a ________.

disposable income

Money you have to spend as you wish--after all required taxes and deductions-- is known as______.

budget

A _______ is an organized plan whereby you match your expected income with your expenses and savings.

database

A computer program that organizes data for easy search and retrieval is a ______.

warranty

A ________ is a statement about a product's qualities or performance that the seller assures the buyer are true.

fixed

Expenses that remain constant and cannot be easily changed or removed from a budget are called ________ expenses.

variable

Expenses that may change according to needs and short-term goals are called _____ expenses.

co-signer

A ______ is a person who promises to pay the debt of another person.

assets

Items of value that a person owes are called _____.

liabilities

Amounts of money owed to others, also known as debts, are called_____.

net worth

When you subtract your debts from the total amount of things you own, the difference is known as _____.

cash surplus

When income exceeds expenses, the difference is called_______.

contract

A legally enforceable agreement between two or more parties to do or not to do something is called a _______.

implied

Unwritten agreements, often called ______ contracts, are created by the actions of conduct of someone.

consideration

Anything of value exchanged as part of a contract is called ______.

competen parties

______ are persons who are legally able to give sane and intelligent consent and are legally capable of entering into contracts.

negotiable instrument

A ______ is a document that is a written order to release or issue money, the most common of which is a check.

notarized

When a document is _______, the signature must be verified by a notary public.

maker

The person who creates and signs a promissory notes is called the ______.

payee

The person to whom the negotiable instrument is made payable to is called the______.

negotiable

The word______ means legally collectible.

spreadsheet

A ______ program organizes data in columns and rows and preforms calculations using the data.

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