Managing My Money Glossary
Glossary of terms used in Managing My Money.
Browse the glossary using this index
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CompoundingThe 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 consumptionThe ostentatious display of wealth in order to gain recognition by others of an increase in one's status. | |
Consumer societyA society in which people place a high value on possessions and are continually encouraged to purchase more. | |
Current asset ratioTotal liquid assets divided by total short-term liabilities. | |
CyclicalA recurring pattern of a variable over time showing peaks and low points at regular intervals. | |