Stack #2660337

Question Answer
ALLOWANCE the amount of something that is permitted, especially within a set of regulations or for a specified purpose
BUDGET an estimate of income and expenditure for a set period of time."keep within the household budget"
BUDGET VARIANCE is the difference between the budgeted or baseline amount of expense or revenue, and the actual amount.
FINANCIAL PLAN is a comprehensive evaluation of an individual's current pay and future financial state by using current known variables to predict future income, asset values and withdrawal plans.
FIXED EXPENSE is an expense that will be the same total amount regardless of changes in the amount of sales, production, or some other activity
MONEY MANAGEMENT is the process of budgeting, saving, investing, spending or otherwise in overseeing the cash usage of an individual or group
NET WORTH is the amount by which assets exceed liabilities
PERSONAL ASSETS property and real estate is that personal property is movable; that is, the asset is not fixed permanently to one location as with real property, such as land or buildings
BUDGET CATEGORY expenses are especially prominent on the Income statement. Secondly, expense as a concept
FINANCIAL GOALS are a dream vacation, a new home, college savings, retirement savings, and an emergency fund.
INCOME money received, especially on a regular basis, for work or through investments."he has a nice home and an adequate income
LONG TERM GOALS Goals that take a long time to achieve
SHORT TERM GOALS is something you want to accomplish soon.
DEFICIT the amount by which something, especially a sum of money, is too small
SURPLUS an amount of something left over when requirements have been met; an excess of production or supply over demand
START UP COST are the expenses incurred during the process of creating a new business
EQUITY the value of the shares issued by a company.
DEBT something, typically money, that is owed or due.
REVENUE income, especially when of a company or organization and of a substantial nature.
PROFIT a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something
LOSS an amount of money lost by a business or organization."insurance can protect you against financial loss"
CASH FLOW the total amount of money being transferred into and out of a business, especially as affecting liquidity.
LINE OF CREDIT an amount of credit extended to a borrower.
INTEREST RATE the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding
ASSET property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies
NET WORTH is a concept applicable to individuals and businesses as a key measure of how much an entity is worth.
COLLATERAL something pledged as security for repayment of a loan, to be forfeited in the event of a default
CAPITAL wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a company or investing

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