LIBF Vocabulary | Baamboozle - Baamboozle | The Most Fun Classroom Games!

English 21 Public

Unit 1 LIBF Qualification vocabulary

Study Slideshow

#Business #Finance #insurance

I am something you take out to protect against damage

Insurance

15

I am something that we create to manage money in and out of a household

Budget

15

Car Insurance is an example of this kind of expenditure

Mandatory

15

If I am in this bracket I will pay the highest amount of tax on my income and savings

Additional tax bracket

15

What we earn from our jobs, a salary, a wage. This is all called...?

Income

15

Extra income earned when saving

Interest

15

I don't enough money in my bank account therefore I have a ..... flow issues

Cash

15

If I have money left over after paying all my expenses I have a ..... of cash

Surplus

15

The word used to describe the increase in the cost of living

Inflation

15

I am a form of borrowing that uses AER as the interest

Overdraft

15

Unpaid money that is owed to a lender or provider is called...

Debt

15

The person asking for money which will be repaid back is known as the ...

Borrower

15

This word describes the consequence of not paying mortgage payments

Repossession

15

A savings account that allows you to save (approx) up to £20,000 before paying tax

ISAs

15

These words describe the 'basket of goods' costs for the average person in the UK

Consumer Price Index

15

Money built up in order to achieve a goal / or purchase

Savings

15