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Savings I

AB
assetssomething owned with value
compounding interestearn interest on interest
depository institutionbusiness offering banking and financial services
goalend result
interestthe price of money
interest ratepercentage paid on money invested or saved
investingpurchase of assets with the goal of increasing future income
level of livingamount of money needed to pay for necessary and comfort items
liabilitiesdebts owed to others
liquidityhow quickly and easily an asset can be converted into cash
net incomeamount left over from pay after deductions are taken out


kmurphy@clevelandschools.org
Cleveland High
TN

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