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Finance
Question | Answer |
---|---|
Account | a record of financial transactions. |
Assets | resources owned by a person or company. |
Balance | the amount of money available in an account. |
Bankruptcy | a legal status for a person or entity that cannot repay debts. |
Budget | a plan for income and expenses over a period. |
Capital | money or assets invested in a business. |
an agreement to borrow money or receive goods or services with a promise to pay later. | |
Debt | money owed to another person or institution. |
Deposit | money placed into a bank account. |
Equity | the value of an owner's interest in a property or business. |
Expenses | costs incurred in the operation of a business or maintaining a lifestyle. |
Income | money received, especially on a regular basis, for work or through investments. |
Interest | the cost of borrowing money, usually expressed as a percentage. |
Investment | the act of putting money into financial schemes, shares, property, or a commercial venture with the expectation of achieving a profit. |
Liabilities | financial obligations or debts owed by a person or business. |
Loan | money that is borrowed and expected to be paid back with interest. |
Mortgage | a loan secured by the collateral of specified real estate property. |
Principal | the initial amount of money borrowed or invested, excluding any interest or dividends. |
Revenue | income generated from normal business operations. |
Savings | money set aside for future use, often in a bank account. |
Stocks | shares representing ownership in a company. |
Tax | a mandatory financial charge imposed by a government to fund its activities. |
Transaction | an instance of buying or selling something; a business deal. |
Withdrawal | taking money out of a bank account. |