Personal Finance Midterm Vocab

series of equal regular deposits

owned items value, such as cash, real estate, personal possessions, investments

a commitment to work in a field that is found to be interesting and fulfilling

financial situation that occurs when more money is spent than received

portion of the total cost of an item that must be paid at the time of purchase

the things one wants to accomplish

physical item that is produced and can be weighed or measured (IPhone, clothing, books, food)

the price that is paid for the use of another’s money

a position in which a person receives training by working with people who are experienced in a particular field

work done mainly to earn money

debts that one owes

the price at which property would sell

a formal summary of the aims and values of a company, organization, or individual

the action or process of interacting with others to exchange information and develop professional or social contacts

the difference between the amount you own and the debts you owe

an employee benefit that commits the employer to make regular contributions to a pool of money that is set aside in order to fund payments made to eligible employees after they retire

the original amount of money on deposit

a document created and used by a person to present their background, skills, and accomplishments

a task a person or machine performs for you (salon, car wash, lawn mowing)

a business agreement between a contractor and customer covering the maintenance and servicing of equipment over a specified period

amount of income left after taxes and other deductions are subtracted from gross pay

a written guarantee, issued to the purchaser of an article by its manufacturer, promising to repair or replace it if necessary within a specified period of time