Personal Finance Flashcards
(28 cards)
Cash flow
The money coming in and out of a business
Commission
The percentage of a sales price received by a salesperson for his or hers service
Credit bureau
An organisation that keeps on file the credit records of consumers
Creditor
A person who is owed money
Debtor
A pesos who owes money
Default notice
A document from a lender of money stating that a person has failed to carry out the terms of the contact
Dividend
Section of profit paid to shareholders
Equities
Stocks and shares held by an individual
Fee
Money paid to others for their service
Fixed expenses
Expense that are the same amount every time
Garnisheed
When a certain amount of money can be taken out of a borrowers wage
Guarantor
Someone who guarantees to pay back the money if borrower does not e.g RBA
Income
Money receive on a regular basis
Interest
A payment made for the use of borrowed money
Investment
Putting money into something in order to make a profit
Mortgage
A loan for goods or a property
Net income
The amount a person has left after income tax has been deducted
Portfolio
A range of financial investments
Premium
The amount of money to be paid to receive insurance cover
Profit
What remains after all business expenses are deducted from sales revenue
Repossess
To take back goods on credit if repayments have not been paid
Royalty
Money paid to authors ect. in a percentage of proceeds from their work
Salary
A fixed amount of money paid on a regular basis
Secured loan
Something deposited as a guarantee to fulfil a loan
