| A | B |
|---|
| Co-Signer | Some who will assume payments if you cannot afford them. |
| Promissory Note | A negotiable instrument that states you pay back the amount on a future date. |
| CounterOffer | An element of the contract that means 'agreement' |
| Budget | A financial Plan |
| Asset | Things of value |
| Liabilities | Things that you owe...also known as debt. |
| Warranty | A statement from the seller assuring the product quaility is true. |
| Fixed | Expenses that do not change month to month. |
| Variable | Expenses that can change month to month. |
| Disposable Income | Money that is left over after all expenses....taxes are paid. |
| Contract | A legally enforceable agreement between 2 or more parties. |
| Express | Type of contract that is written or oral. |
| Implied | Contracts that are 'expected' such as the speed limit. |
| Financial Plan | A set of goals for spending, saving, and investing money. |
| Payee | The person to whom the note is made payble to. |
| Net Worth | The difference between assets and liabilties. |
| Void | Contracts that are missing elements. |
