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3rd nine weeks review

STUDY
PLAY
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