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Managing my money
Managing my money

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Managing My Money Glossary

Glossary of terms used in Managing My Money.

Sunday, 14 April 2024, 6:48 PM
Site: Open Learning
Course: Managing my money (MMM_1)
Glossary: Managing My Money Glossary


The process by which interest payments are added to the original amount borrowed to give a higher total figure which, in turn, attracts interest rate changes.

Conspicuous consumption

The ostentatious display of wealth in order to gain recognition by others of an increase in one's status.

Consumer society

A society in which people place a high value on possessions and are continually encouraged to purchase more.

Current asset ratio

Total liquid assets divided by total short-term liabilities.


A recurring pattern of a variable over time showing peaks and low points at regular intervals.