Ficep vocabulary midterm Study guides, Class notes & Summaries
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FICEP VOCABULARY (MIDTERM) WITH COMPLETE VERIFIED SOLUTIONS.
- Exam (elaborations) • 7 pages • 2023
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Assets 
Items owned by the credit union that provide benefits to the credit union. Examples - loans, investments, real estate, and accounts receivable. 
 
 
 
Bankruptcy 
A court action declaring a person free of most debt, due to the inability of the person to pay. 
 
 
 
Budget 
A financial plan serving as an estimate of income, expenses, and cash flow that serves as a vehicle or tool to assist a family in taking control of their financial situation and future. 
 
 
 
Cash Flow 
A person's pa...
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Financial Counseling Certification Program (FiCEP) VOCABULARY (MIDTERM) WITH COMPLETE VERIFIED SOLUTIONS
- Exam (elaborations) • 7 pages • 2024
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FICEP VOCABULARY (MIDTERM) WITH COMPLETE VERIFIED SOLUTIONS 
 
Assets - answer Items owned by the credit union that provide benefits to the credit union. Examples - loans, investments, real estate, and accounts receivable. 
 
Bankruptcy - answer A court action declaring a person free of most debt, due to the inability of the person to pay. 
 
Budget - answer A financial plan serving as an estimate of income, expenses, and cash flow that serves as a vehicle or tool to assist a family in taking co...
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