Money Management Vocab

Front

money received from work, investments, or other financial support

Back

income

Front

money owed

Back

debt

Front

a loan of money

Back

credit

Front

A sum of money given for a designated period of time which must be repaid.

Back

loan

Front

a percentage of a borrowed sum of money which must be paid in addition to the repayment of the loan itself

Back

interest

Front

money which one has on-hand that can be freely spent

Back

liquid

Front

the lowest wage permitted by law; in the U.S., $7.25 an hour

Back

minimum wage

Front

financial obligations, such as bills

Back

expenses

Front

money earned as a percentage of a sale or service

Back

commission

Front

house payment

Back

mortgage