| AB | |
| Arranging to spend, save, and also invest money come live comfortably. Having actually financial security, and accomplish goal. You are watching: The ability to convert assets into cash is called | |
| Goals | Things you desire to accomplish |
| Values | Are the beliefs and principles you consider important, correct, and also desirable. |
| Opportunity Cost | Trade-off that is provided up when making one choice instead the another. |
| Liquidity | The ability to easily convert financial assets into cash without loss in value. |
| Service | A job that a person or a an equipment performs for you. |
| Good | A physical item that is produced and also can be weighed or measured. |
| Economics | The examine of the decisions that get in making, distributing, and using goods and also services. |
| Economy | Consists of the methods in which civilization make, distribute, and use your goods and also services. |
| Supply | Is the lot of goods and services obtainable for sale. |
| Demand | Is the lot of goods and services world are ready to buy. |
| Federal make reservation System | The central banking organization of the united States. |
| Inflation | The rise in the level the prices for goods and also services |
| Consumer | A human being who purchases and also uses goods or services. |
| Interest | The price the is paid because that the usage of another's money. |
| Time worth of Money | The increase of an amount of money because of earned interest or dividends. |
| Principle | The original amount of money on deposit. |
| Future Value | The quantity your initial deposit will certainly be worth in the future based on earning a particular interest price over a specific period of time. |
| Annuity | A collection of equal continuous deposits. |
| Present Value | The quantity of money you would should deposit currently in order to have a desired amount in the future. |
| Money Management | Planning exactly how to obtain the many from her money. |
| Safe-Deposit-Box | A little secure warehouse compartment that you can rent in a bank, generally for $100 a year or less. |
| Personal gaue won Statement | A paper that provides information around an individual's present financial position and presents a summary of income and also spending |
| Personal Balance Sheet | A gaue won statement the lists items of worth owned, debts owned, and a person's net worth. |
| Net Worth | The difference between the amount the you own and the debts the your own. |
| Assets | Any items of worth that an separation, personal, instance or company owns. |
| Wealth | (Liquid Assets,Real estate,Personal Possessions, and investment assets)An variety of beneficial material possessions or resources. |
| Liquid Assets | Cash and items that have the right to be conveniently converted come cash. |
| Real Estate | Land and any structures that room on it. |
| Market Value | The price in ~ which property would sell. |
| Liabilities | Debts the you owe. |
| Insolvency | A jae won state that occurs if liabilities are better than assets. |
| Cash Flow | The money that in reality goes into and out of your wallet and also bank accounts. |
| Income | The money girlfriend receive. |
| Take-Home Pay | The quantity of revenue left ~ taxes and other deductions space taken out of your gross pay. |
| Discretionary Income | The money left end after paying because that the essential, such as food, clothing, shelter, transportation, and also medication. |
| Surplus | Extra money that can be spent or saved, depending upon a who financial goals and also values. |
| Deficit | The financial situation that wake up when more money is invested then is deserve or received. |
| Budget | Plan for utilizing money to fulfill wants and needs. |
| Consumer Price index (CPI) | A measure of the changes in prices for frequently purchased goods and services in the joined States. See more: What Is 10 To The Negative 2Nd Power ? Power Of 10: Negative Exponent |
| Budget Variance | The difference in between the budgeted amount and the yes, really amount that you spend. |
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