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Interest paid on interest previously earned; credited daily, monthly, quarterly or semiannually |
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Five hundred dollars in readily available cash to be used only in the event of an emergency; the goal of First Foundation |
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Percentage paid to a lender for the use of borrowed money (in debt); percentage earned on invested principal(in investing) |
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The five steps to financial success |
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Saving money over time for a large perchase |
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An itemized summary of probable expenditures and income for a given period. |
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The amount by which expenditures exceed income. |
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an unchanging expenditure |
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an expenditure that varies. |
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An amount of money remaining after all expenses have been met. |
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Money received after all adjustments have been met. |
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Automatic Teller Machine- a bank that gives out cash from your account and accepts deposits around the clock |
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Calculations tat are made to determine the difference between the payments from, and the deposits to, a checking account |
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