Managing My Money Glossary
Glossary of terms used in Managing My Money.
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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.
The ostentatious display of wealth in order to gain recognition by others of an increase in one's status.
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.