| A | B |
|---|
| assets | items of value that a person owns |
| budget | an organized plan whereby you match your expected income to your expected out flow |
| consideration | something of value that each party a contract must receive |
| contract | a legally enforceable agreement between two or more parties to do or not to do something |
| cosigner | a person with an acceptable credit rating who promises in writing to repay a promissory note if the maker fails to do so. |
| database management | the storage and use of information so that all or part of it can be recalled combined and manipulated |
| disposable income | the money you have to spend or save as you wish after taxes social security and other required and optional deductions have been withheld from your gross pay |
| financial plan | a formal budget document that specifies ones current financial situation along with goals and methods of achieving them |
| fixed expenses | expenses that remain constant |
| liabilities | amounts of money that are owned to others |
| mutual assent | agreement to all terms of the contract by all parties to the contract |
| negotiable instrument | a document that contains promises to pay monies and is legally collectible |
| spreadsheet | computer software that sets information into columns and rows |
| variable expenses | expenses that change according to needs and short term goals |
| warranty | a guarantee (usually written) from the manufacturer or distributor of a product that specifies the conditions under which the prodcut can be returned replaced or repaired |
