Unit 9 Vocab _ PFL

What is an estimate of expected income and expenses, with each type of income and expense identified by amount?

• Budget

• Savings

• Income

• Expense

What term describes putting money aside for future use?

• Expense

• Savings

• Loan

• Withdrawal

What is the amount of money that is coming in or earned called?

• Deposit

• Income

• Net Worth

• Principal

What is the term for money added to an account?

• Withdrawal

• Loan

• Deposit

• Credit

What is a percentage withheld from income that you earned?

• Interest Rate

• Income Tax

• Compound Interest

• Simple Interest

What is money (or property) given with the promise that it will be paid back in the future, usually with interest?

• Credit Card

• Loan

• Debit Card

• Financial Aid

What is the annual rate that is charged for borrowing money, expressed as a percent?

• Principal

• Interest Rate

• Term

• Credit

What is the term for money subtracted from an account?

• Deposit

• Withdrawal

• Expense

• Savings

What is the total assets minus total liabilities; how much you are worth?

• Net Worth

• Income

• Budget

• Principal

What is interest earned on both the principal amount and any interest already earned?

• Simple Interest

• Compound Interest

• Income Tax

• Credit