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16 Cards in this Set
- Front
- Back
the money you have left to spend or save after taxes have been paid
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disposable income
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an orderly program for spending, saving, and investing the money you can earn
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financial plan
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a spending and saving plan based on your expected income and expenses
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budget
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costs you are obligated to pay at specific times, regardless of other events
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fixed expenses
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expenses that change according to needs and short-term goals
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variable expenses
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items of value that a person owns
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assets
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amounts of money that are owed to others
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liabilities
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the difference between your assets and your liabilities
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net worth
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a legally enforceable agreement between two or more parties to do or not to do something
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contract
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agreement to all terms of the contract by all parties to do or not to do something
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mutual assent
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anything of value exchanged as part of a contract
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consideration
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an unconditional written promise to pay a specified sum of money upon demand of the holder
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negotiable instrument
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a person who promises in writing to repay a promissory note if the maker fails to do so
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co-signer
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a guarantee (usually written) from the manufacturer or distributor of a product that specifies the conditions under which the product can be returned, replaced, or repaired
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warranty
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computer software that organizes information into columns and rows and can perform calculations using the data
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spreadsheet
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a computer program that organizes data for easy search and retrieval
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database
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