owned items value, such as cash, real estate, personal possessions, investments
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3
career
a commitment to work in a field that is found to be interesting and fulfilling
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4
deficit
financial situation that occurs when more money is spent than received
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5
down payment
portion of the total cost of an item that must be paid at the time of purchase
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6
goals
the things one wants to accomplish
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7
good
physical item that is produced and can be weighed or measured (IPhone, clothing, books, food)
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8
interest
the price that is paid for the use of another’s money
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9
internship
a position in which a person receives training by working with people who are experienced in a particular field
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10
job
work done mainly to earn money
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11
liabilities
debts that one owes
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12
market value
the price at which property would sell
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13
mission statement
a formal summary of the aims and values of a company, organization, or individual
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14
networking
the action or process of interacting with others to exchange information and develop professional or social contacts
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15
net worth
the difference between the amount you own and the debts you owe
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16
pension plan
an employee benefit that commits the employer to make regular contributions to a pool of money that is set aside in order to fund payments made to eligible employees after they retire
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17
principal
the original amount of money on deposit
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18
resume
a document created and used by a person to present their background, skills, and accomplishments
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19
service
a task a person or machine performs for you (salon, car wash, lawn mowing)
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20
service contract
a business agreement between a contractor and customer covering the maintenance and servicing of equipment over a specified period
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21
take home pay
amount of income left after taxes and other deductions are subtracted from gross pay
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22
warranty
a written guarantee, issued to the purchaser of an article by its manufacturer, promising to repair or replace it if necessary within a specified period of time
Studied by 59 people
Note 
Flashcard (42)