Financial Literacy Vocab Pt. 2

      This is a continuation of my last post. We're tackling new vocab terms so we'll understand more about the financial world. There are more terms out there, I just tried to pick words I see frequently when I'm doing personal research.

  •  Budget: Your money management plan.
  •  Capacity: Ability to repay a loan.
  •  Capital: The value of what you own. 
  •  Capital Gain: The difference in the price you buy stock at versus  the cost you sell it at.
  •  Capital Loss: When you sell stock at a lower price than you purchased.
  •  Cash Flow:  Your net amount of income coming in and going out.
  •  Certificate of Deposit: A certificate issued by a bank to a person depositing money for a specified period.
  •  Compound Interest: is when interest is earned on a previous amount of interest and it helps income increase more rapidly.
  •  Consumer Advocates: groups or individuals that expose unfair business practices.
  •  Endorse:  To sign the back of a check and make it payable to a specific person.
  • Impulse Purchase: A quick purchase made with no thought.
  • Liabilities: Anything you have to spend your money on. 
  •  Liquidity: Any money you have access to.
  •  Risk Tolerance: What you're willing to lose.
  •  Variable Expenses: Expenses that are not fixed.
Source: uwf.edu

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