Finance Notes

What are ways you can purchase items?

• Cash

• Check

• Credit Card

• Debit Card

• All of the above

Something you give up in order to do something else

• Loan

• Lender

• Sacrifice

• Liquid

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

• Interest

• Loan

• Savings

• Expenses

Exchanging one thing for another

• Debt

• Credit

• Trade-off

• Liquid

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

• Loan

• Credit

• Debt

• Expenses

Money owed to someone

• Debt

• Credit

• Loan

• Interest

Money set aside for later use or in case of emergencies

• Wage/Salary

• Savings

• Liquid

• Income

A plan for spending and saving a person's income

• Budget

• Income

• Commision

• Mortgage

A loan of money

• Credit

• Debt

• Lender

• Liquid

An individual, bank, or company who loans money

• Lender

• Loan

• Trade-off

• Sacrifice