Managing My Money Glossary
Glossary of terms used in Managing My Money.
Friday, 26 April 2024, 6:13 AM
Site: Open Learning
Course: Managing my money (MMM_1)
Glossary: Managing My Money Glossary
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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. |