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Lijst met definities van alle woorden in de syllabus - Marilyn Michels English: finance and insurance 2

Laatste update van het document: 1 jaar geleden

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  • 12 juni 2023
  • 12 juni 2023
  • 13
  • 2022/2023
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Definitions English: finance and
insurance 2
Finance is a term for matters regarding the management,
creation, and study of money and investments. It
involves the use of credit and debt, securities, and
investment to finance current projects using future
income flows.

Tax systems set of tax regulations, institutes and norms for the
purposes of achieving a certain tax policy

Personal finance is a term that covers managing your money as well
as saving and investing. It encompasses budgeting,
banking, insurance, mortgages, investments, and
retirement, tax, and estate planning

Public finance is the approach to managing the public funds in the
country’s economy that plays the most important
role in the development and growth of the nation,
both domestically and internationally. It also affects
every stakeholder of the country, whether a citizen
or not.

Corporate finance a sub field of finance, that deals with how
corporations address funding, capital structuring,
accounting and investment decisions

Mortgage a legal agreement by which a bank, building society,
etc. lends money at interest in exchange for taking
title of the debtor's property, with the condition that
the conveyance of title becomes void upon the
payment of the debt.

Savings the money you keep, esp. in a bank or other
financial organization

Managing assets is the practice of increasing total wealth over time by
acquiring, maintaining, and trading investments that
have the potential to grow in value.

Liabilities Money owed to individuals, businesses, or
institutions

Debt issues A financial obligation that allows the issuer to raise
funds by promising to repay the lender at a certain
point in the future and in accordance with the terms

, of the contract.

Stabilization policy a strategy that is used by government or its central
bank or to maintain a healthy level of economic
growth and minimal price changes

Retirement planning involves determining retirement income goals and
what's needed to achieve those goals.

Budgeting a systematic approach, that predicts revenues and
expenditures of an individual, family, group, business
entity, or government.

Revenue income, especially when of an organization and of a
substantial nature.

Bond A security, which consists of a debt in which the
authorized issuer owes the holders a debt and is
obliged to repay the principal and interest.

Government expenditures refers to the purchase of goods and services, which
include public consumption and public investment,
and transfer payments consisting of income transfers
(pensions, social benefits) and capital transfer.

Home insurance is a form of property insurance that covers losses
and damages to an individual's residence, along with
furnishings and other assets in the home.

Budget procedures can be defined as a systematic business activity that
encompasses the development, implementation and
evaluation of a plan for the provision of services and
capital assets including fixed resources, such as
money or time, during a given period to achieve
desired financial targets.

Share a type of security which consists of equity or stock
capital raised by a corporation

Fixed expenses Expenses that remain the same each month

Net worth The total value of a person or company, which can
be calculated by subtracting liabilities from total
assets

Emergency fund An amount of money set aside to cover bills in case
of emergency

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