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7 Cards in this Set
- Front
- Back
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Income
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Money coming in
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Expenditures
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Money that is spent
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Budget
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Plan for managing income and expenditures
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Savings
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Cash that is set aside in a bank account to be used for financial emergancies and goals
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Liquidity
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The qualitiy of being easily converted into cash; refers to assets
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Cerificate of deposit (CD)
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Money that is deposited into aan interest earing account for a predetermined length of time and rate of return
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Compounding
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A process in which an institution adds interest to an account, the balance rises, and the account continues to earn more interest based on the higher balance
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