8th Grade Financial Math Review - Set #2

Front

Asset

Back

Anything of value that is owned by an individual

Front

Budget

Back

A monthly plan for how you are going to save and spend your income

Front

Compound Interest

Back

Interest paid on an investment and on any interest previously earned.

Front

Consumer

Back

A person or organization that purchases a product or service

Front

Credit

Back

The granting of a loan and the creation of debt.

Front

Debt

Back

An obligation to repay borrowed money.

Front

Expense

Back

The cost of goods or services.

Front

Interest

Back

The charge for borrowed money generally defined as a percentage; also, the earned interest on money you save or invest.

Front

Investments

Back

Money put into an account intended for growth

Front

Liability

Back

Anything you owe; a debt