12 terms

GSESS8E3.abcd

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Terms in this set (...)

Expenditure
An amount of money spent, as a whole or on a particular thing.
Income
The amount of money a person earns during a year.
Investing
Using money in hopes of gaining more in the future by lending to businesses in exchange for a share of profits.
Saving
Setting aside of income for future use.
Spending
The amount a person purchases.
Budget
A plan for spending.
Spending
The amount a person purchases.
Saving
Setting aside of income for future use
Bankruptcy
A legal proceeding involving a person or business that is unable to repay outstanding debts.
Credit
An amount of money loaned to a person that must be paid back along with additional interest.
Debt
An amount of money borrowed by one party from another party.
Interest
An additional amount you pay to use borrowed money.