| A | B |
|---|
| salary | earnings paid weekly, monthly, or on a yearly basis |
| budget | A financial plan that shows income & expensitures |
| rate of return | percentage amount earned on investment or savings |
| stock | ownership in a corporation |
| inflation | general rise on overall prices |
| principal | amount borrowed |
| compound interest | interest calculated on the sum of savings plus the accumulated interest |
| certificate of deposit | receipt issued by a bank for depositing money in an account for a specific amount of time at a fixed rate of interest |
| finance charge | the total amount charged for borrowing $ or buying on credit |
| co-signer | a second person who promises to pay a loan if the first person defaults |
| consumer | households & businesses who use goods & services produced |
| liquidity | ability to withdraw funds |
| savings | store of value |
| insurance | protection against accidents, illness, damage to property |
| budget | a financial plan that shows income and expenditures |
| credit | purchasing w/o paying in full |
| income | wages/salary/interest/rent/gifts |
| advertising | method to make a product or service known in order to get customers |
| premium | the amount paid for the protection agains financial catastrophes |
| expenditures | things individuals and businesses spend money on |
| investing | putting money into places other than savings, such as stocks, land, buildings |
| bonds | loaning money to a coporation or the government |
