Upgrade to remove ads
Money Island Vocabulary
Terms in this set (40)
The choice to put money aside for emergencies or more expensive items.
To pay out money for wants, needs, and taxes.
To buy assets such as stocks, real estate, or a business to make a profit when the asset is sold or to gain income from interest, profit, or rent while it is owned.
Giving money to a person or cause (charity) that is helpful.
Items that you want like toys, books, or CD's. These items often lose value over time.
Items that you need to live like food or a house.
Money paid for government services such as schools, roads, or libraries.
Money that you get by sharing your talents, like working at a job.
Money that you get because of something you own, like when you get rent when you own a building.
A property where the owner gets rent from the tenants. The rent paid to the owner is usually more than the owner's expenses.
A situation when a person starts or buys a business to make money. The goal is to make more money than the owner pays for expenses.
Ownership of part of a company. The goal is for the company to be worth more over time.
Money that is made after a business pays all of its expenses.
The original amount of a loan. Over time, interest is added to the original loan so that the total amount you owe is more than the principal.
Interest that builds only on the principal.
Interest that builds both on the principal and the interest.
A card that allows a person to pay for goods and services without cash, but repayment is required later.
The amount that a person must pay on a credit card to avoid penalty charges.
Annual Percentage Rate (APR)
What credit costs you each year, expressed as a percentage of the loan amount. It includes most of a loan's up-front fees as well as the interest rate.
Money that banks pay people for letting the bank hold their money. Money paid by an individual for borrowing money.
A person's ability to borrow money.
A plan for saving, spending, investing, and sharing.
A set amount of money you are paid each month for your job.
A valuable item that is owned.
A statement of fees or charges for a good or service.
A liability that comes from someone giving you something that you must pay back along with extra interest.
A plastic card that resembles a credit card but functions like cash or a check that comes directly from a spending (checking) account.
A piece of the profits that some companies decide to pass on to their stockholders.
An expense, like rent, that is the same amount on a regular basis.
A record of income and spending over a period of time.
A contract that you pay for protection in case an individual, item, property or business is harmed or damaged.
Something you owe that creates bills. A financial debt to be repaid with cash or other assets.
The ability to quickly generate cash and pay debts.
The owners of a corporation.
A small sum of money given to someone for performing a service.
A bill or expense that may be a different amount during different periods of time.
Money or property given to a borrower with the agreement that the borrower will return the property or repay the money, usually with interest.
To give time and effort in exchange for payment.
Return on Investment (ROI)
The profit that you make on an investment, expressed as a percentage. If you put $100 into an investment and one year later it's worth $110 you have made a profit of $100. Your ROI is your profit ($110) divided by the initial investment ($100) or 10%.
The possibility of losing money from an investment or financial choice.
THIS SET IS OFTEN IN FOLDERS WITH...
Personal Decision Making
Terms Associated with Kuder
1st Semester Final
Quiz 1 Lessons 1-3
YOU MIGHT ALSO LIKE...
Practical Money Skills
OTHER SETS BY THIS CREATOR
Unit 3 Interview Readiness Quiz 2
Unit 3 Interview Readiness Quiz 1
Unit 2 Quiz 1