| A | B |
|---|
| Budget | an itemized allotment of funds for a given period |
| Opportunity cost | the money or other benefit lost when pursuing a particular course of action |
| Assets | items of ownership convertible to cash |
| Liabilities | moneys owed; debts or obligations |
| Income | the monetary payment received for goods or services |
| Expenses | cost or charge |
| Checking account | a bank account on which checks can be drawn by depositor. |
| Savings account | A bank account on which interst is paid, and money is expected to be left for some time |
| Loan | something lent on the condition of being repayed, usually with interst |
| Safe deposit box | A lockable metal box or drawer in a bank vault, used for storing valuables |
| Credit | confidence in a purchaser's ability and intention to pay later for goods and services received now |
| Decision making | the cognitive process of making choices to solve problems |
| Interest | The cost of money |
| Consumer | A person or organization that uses a commodity or service |
| Producer | A person or organization that makes a commodity or service |
