10 terms

Budget and Finance week 4

STUDY
PLAY

Terms in this set (...)

invest
use money to make more money
principal
the money you begin with
instalment
one of a series
interest
money paid for use of money
simple interest
interest calculated once
mortgage
a type of loan that is used to buy a houses
loan
borrowed money
rate of interest
The charge for borrowing money %
credit
money owed to you
debit
money that you owe