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16 Cards in this Set
- Front
- Back
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Budget |
A plan to for expected incomings and outgoing.it's also a term used for government spending plan which is set by the chancellor in the house of commons.usually announced in March or April. |
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Budget balance |
This is a person's bet financial situation. So total income minus expenditure. |
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Budget deficit |
Situation were a person's outgoings is greater than income |
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Budget surplus |
Money left over after essential expenses have all been paid off in a given period e.g month |
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Capital |
Wealth in the firm of money or asserts opened by an individual or organisation. Available for purposes such as starting up a business. |
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Card verification value |
3 numbers at the back of credit card or debit card to prevent fraudilent |
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Cashback |
Service offered by some retailors when customers pay by card and are offered cash and is deducted by retailors from their payment card |
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Cash back card |
A card that Gives back certain percentage of value of transactions made by card in the form of cash |
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Cash flow forecast |
Plan for expected incoming and outgoing for several time periods e.g next 3 months |
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Cash card |
Card used to withdraw money from atm and branches |
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Cash isa |
Pays tax free on savings |
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Chaps |
Same day payment |
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Charge card |
Credit card tgat must be paid in full |
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Cheque |
Written instruction from ch to pay a specific amount to a specific account. |
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Child's bond |
Investment bound taken out for children under 16. Parents control until 16. Invest between 25-3000 |
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Child trust fund |
Long term saving for Children born between 2002-2011 |
