| A | B |
|---|
| An orderly program for spending, saving, and investing the money you receive is known as a(n) | financial plan |
| Money you have to spend as you wish—after all required deductions—is known as | disposable income |
| A(n) _________ is an organized plan whereby you match your expected income with expenses and savings. | budget |
| A computer program that organizes data for easy search and retrieval is a(n) | database |
| A(n) _________ is a statement about a product’s qualities or performance that the seller assures the buyer are true. | warranty |
| Expenses that remain constant and cannot be easily changed or removed from a budget are called _________ expenses. | fixed |
| Expenses that may change according to needs and short-term goals are called _________ expenses. | variable |
| are called _________ expenses. | co-signer |
| Items of value that a person owns are called | assets |
| Amounts of money owed to others, also known as debts, are called | liabilities |
| When you subtract your debts from the total amount of things you own, the difference is known as | net worth |
| Money remaining after expenses are paid is called | disposable income |
| A legally enforceable agreement between two or more parties to do or not to do something is a(n) | contract |
| Unwritten agreements, often called _________ agreements, are legally enforceable. | imlied |
| Anything of value exchanged as part of a contract is called | consideration |
| _________ are persons who are legally able to give sane and intelligent consent and are legally capable of entering into contracts. | competent parties |
| A(n) _________ is a document that is a written order to release or issue money, the most common of which is a check. | negotiable instrument |
| A person who promises to pay the debt of another person is a(n) | promissory note |
| The person who creates and signs a promissory note is called the | the maker |
| The person to whom a negotiable instrument is made payable is called the | payee |
| means legally collectible | negotiable |
| A(n) _________ program sets information into charts where numbers and words can be visualized and used. | spreadsheet |
