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13 Cards in this Set
- Front
- Back
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Personal Cash Flow |
A financial statement that measures a person's income and expenses. |
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Net Cash Flows |
Disposable (after-tax) income minus expenses |
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Budget |
A cash flow statement that is based on forecasted cash flows (income and expenses) for a future period of time. |
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Personal Balance Sheet |
A summary of your assets (what you own), your liabilities (what you owe), and your net worth (assets minus liabilities). |
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Liquid Assets |
Financial assets that can be easily converted into cash without a loss in value |
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Household Assets |
Items normally owned by a household, such as a car and furniture. |
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Bonds |
Certificates Issued by borrowers to raise funds. |
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Stocks |
Certificates representing partial ownership of a firm |
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Mutual Funds |
Investment companies that sell units to individuals and invest the proceeds in an overall portfolio of investment instruments such as bonds or stocks |
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Real Estate |
Rental property and land |
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Rental Property |
Housing or commercial property that is rented out to others. |
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Long-Term Liabilities |
Debt that will be paid over a period longer than one year |
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Current Liabilities |
Personal Debts that will be paid in the near future (within a year) |
