more vocab - G8 finance by Todd LaVogue

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Slide Notes

more vocab - G8 finance

Published on Nov 18, 2015

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PRESENTATION OUTLINE

more vocab

finance terms you need to know

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cash flow statement

summary of money received & money paid

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net worth statement

written record of current financial situation

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net worth

difference between what you own & what you owe

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assets

item of value that you own

types of assets

current (liquid): cash and savings
fixed: investments

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liability

current or future financial obligation

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types of liabilities

current: medical, credit card bills
long term: auto or home loan

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wealth

abundance of money and other assets

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Todd LaVogue