Assets - What you won or have paid for, Account - an arrangement with a bank to keep your money there and to allow you to take it out when you need to, Bankrupt - unable to pay what you owe, and having had control of your financial matters given, by a law court, to a person who sells your property to pay your debts, Budget - a plan to show how much money a person or organization will earn and how much they will need or be able to spend, Cost of living - the amount of money that a person needs to pay for basic needs such as food and somewhere to live, Debt - something, especially money, that is owed to someone else, or the state of owing something, Expenses - money that you spend when you are doing your job, that your employer will pay back to you, Insurance - an agreement in which you pay a company money and they pay your costs if you have an accident, injury, etc., Investments - the act of putting money, effort, time, etc. into something to make a profit or get an advantage, or the money, effort, time, etc. used to do this, Mortgage - an agreement that allows you to borrow money from a bank or similar organization, especially in order to buy a house, or the amount of money itself, Net worth - the value of the assets (= property and money) that a person or business has, after any debts are taken away, Tax Return - a form that some people must fill in to give information about how much they have earned in a year,
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AG 5 - UNIT 5
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