BF Unit 1 Vocab Word Scramble
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| Term | Definition |
| Money | item that serves as a method of payment |
| Finance | activities involved with saving, investing, and using money by individuals, businesses and governments |
| Inflation | rise in general price levels |
| Security | investment instrument issued by corporation or government representing ownership in it |
| Stock | security representing ownership in a corporation or government |
| Bond | debt, money borrowed by company/government |
| Liquidity | speed/ease which investments can be converted to cash |
| Personal Financial Plan | process of managing money to achieve personal economic satisfaction |
| Financial Plan | formal report with summary of current financial situation and plan for future financial activities |
| Personal Financial Goal | desired goals for financial planning |
| Opportunity Cost | what is given up in a financial choice |
| Deposit Institutions/Depository Institution | accept deposits from people/businesses to use in the future |
| Non-Depository Institutions | insurance, investment, consumer finance, and mortgage companies, check-cashing outlets and pawnshops |
| Source of Funds | inflow of cash that can be used for paying various expenses |
| Use of Funds | outflow of money by companies |
| Tax Revenue | government income, tax collection |
| Income Taxes | tax on income of individual |
| Property Tax | tax on value of land/building |
| Sales Tax | a state/local tax on good/products by the seller |
| Manicipal Bond | a bond issued by a state/local government |
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