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Miscellaneous Quiz
/ Personal Finance Terms
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Can you name the Personal Finance?
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quigarsons
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Definition
Term
when your income is equal to your spending
a payment made by a company to its shareholders annually
money paid to the government by it's citizens; supports the government
a promise by a government/corporation to pay back an amount of money plus interest over a certain amount of time
securities representing equity ownership in a corporation
total anticipated income - total planned expenses =
investment stock for retirement
used as an information return to report wages paid to employees and the taxes withheld from them
large investment portfolio that holds many stocks and has several part owners
when spending is less than income
Definition
Term
money spent/ put aside for necessities
the money a person has after paying all their taxes
financial protection to the insured for damages/ injuries to other persons or their property
income - all expenses
insurance that provides financial protection against loss or damage to an insured person's property
when spending is greater than income
money you put aside for the entertainment/fun
anything owned by a person having a monetary value
short term or long term objectives one wants to achieve
assests - liabilities =
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