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12 terms

Financial Terms

STUDY
PLAY
Cost of living
The amount of money needed to keep a certain level of living
Quality of life
A highly subjective measure of happiness that is an important component of many financial
Salary
A cash contribution arrangement of an employer.
Wage
A theoretical wage level that allows the earner to afford adequate shelter
Blue collar
A working class person
White collar
A working class person that is known for earning high average salaries
Apartment lease
personal
Rental agreement
legal instrument that specifies amount, due date, penalties, length, deposit, wear and tear, expenses, renewal, termination, penalties, and restrictions regarding a lease of facilities.
Rent
a regular payment by a tenant to a landlord for use of some property
Landlord
A real estate owner who rents or leases land or a building to another party
Tenant
someone who pays rent to use land or a building or a car that is owned by someone else
Security deposit
the amount of collateral a customer deposits with a broker when borrowing from the broker to buy securities