Financial Literacy Vocabulary - 7 Math STAAR

Front

What is an estimate of income and expenses for a set period of time?

Back

Budget

Front

What is a percentage of the selling price of a good or service which is added to the price?

Back

Sales Tax

Front

What is a sum of money taken out of an account?

Back

Withdrawal

Front

What is a sum of money loaned or invested on which interest is paid?

Back

Principal

Front

What is a reduction of the usual cost of something?

Back

Discount

Front

What do you call the amount of money owed to creditors?

Back

Liability

Front

What is the money received from work or investments?

Back

Income

Front

What is the amount of money that is left after all expenses have been paid?

Back

Net Income

Front

What is the term for money that is set aside for a specific purpose?

Back

Savings

Front

What is the term for the total amount of money earned before any deductions?

Back

Gross Income