Personal Finance Vocabulary | Baamboozle - Baamboozle

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15

Interest that is calculated only on the principal, or original, amount of a loan.

Simple Interest

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15

A reduction in the value of an asset with the passage of time, due in particular to wear and tear.

Depreciation

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15

Interest computed on the original principal plus any accrued interest.

Compound Interest

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15

Your total income before income tax or other deductions are taken out of it.

Gross Income

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15

An estimate of income and spending for a set period of time, usually by month or year.

Budget

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banana

Go to last place!

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gift

Win 25 points!

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rocket

Go to first place!

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thief

Give points!

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15

A tax based on the amount of money you ear, or your income.

Income Tax

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15

An amount paid by way of reduction, return, or refund on what has already been paid or contributed.

Rebate

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thief

Give points!

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15

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25

magnet

Take 25 points!

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gift

Win 15 points!

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baam

Lose 10 points!

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15

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Interest Rate

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15

Written document asking a bank to pay a certain amount from your account.

Check

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monster

Reset all scores!

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seesaw

Swap points!

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shark

Other team loses 15 points!

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baam

Lose 5 points!

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15

A thing for which someone is responsible, especially a debt or financial obligation.

Liabilities

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15

The amount that is left after taxes.

Net Income

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15

Property owned by a person or company that has value.

Assets

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15

The money one has saved, especially through a bank or financial institution.

Savings

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