| A | B |
|---|
| Expenditures | Money is that is spent on goods, services, and bills |
| Finance Charge | The cost of credit - the fees and interest charged to finance the unpaid balance |
| Financial Institution | A business that provides money-related services |
| Fixed Cost | A business cost that remains the same, such as rent |
| Fixed Expense | Expenses that do not change from month to month, such as auto insurance or rent |
| Foreclosure | A legal process in which a lender takes possession of mortgaged property from a mortgage holder who failed to make payments |
| Impulse buying | Making a purchase based on an immediate want or due to the pressure of advertising |
| Income | Money received on a regular basis for work or through investments |
| Income tax | A portion of one's personal income paid to a government |
| Insurance policy | A contract that outlines coverage plans and protects a person against financial loss or damage |
| Interest | A fee received or paid for the use of money |
| Interests | The things you like and enjoy doing |
| Internet Bank | A Web-only bank |
| Invest | To commit money to gain a profit or earn interest |
| Long-term goals | Plans that take a year or more to accomplish |
| Medicare | A social insurance program that extends health coverage to almost all Americans age 65 and over |
| Minimum payment due | The smallest amount that can be paid to meet loan requirements |
| Mobile banking | A wireless service that allows financial transactions by using an app or Web browser from a a mobile device |
| Needs | Goods or services that people cannot survive without, such as water, food, shelter, and clothing |
| Online banking | An electronic way to view account activity and pay bills via the Internet and an institution's website |
