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15 Cards in this Set
- Front
- Back
Disposable Income
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The money you have left to spend or save after taxes have been payed.
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Financial Plan
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A set of goals for spending, saving and investing the money you earn.
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Budget
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A spending and saving plan based on your expected income and expenses.
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Fixed Expenses
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Costs you are obligated to pay at specific times, regardless of other events.
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Variable Expenses
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Costs that vary in amount and type, depending on events and the choices you make.
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Assets
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The items of value that a person owns.
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Liabilities
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Amounts of money owed to others.
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Net Worth
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The difference between assets and liabilities.
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Contract
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A legally enforceable agreement between two or more parties.
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Consideration
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Anything of value exchanged as part of a contract.
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Negotiable Instrument
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An unconditional written promise to pay a specified sum of money upon demand of the holder.
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Co-Signer
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A person who promises to pay the note if the maker fails to pay.
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Warranty
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A statement about a product's qualities or performance that the seller assures the buyer are true.
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Spreadsheet
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A computer program that organizes data in columns and rows and can perform calculations using the data.
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Database
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A computer program that organizes data for easy search and retrieval
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