Finance Key terms

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Break Even

When your bank account is at zero when you dont owe any more debt

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Expenditure

Another Word for outflow what you spend.

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Fixed Costs

Fixed amount of money.E.g. Rental 

                                          Morgage

                                          Wages

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Variable Costs

Costs that change every month.

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Turnover

How much moeny you genretate 

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Business Loan

How much money you raise.

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Internal

Advertise and asset.

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External

change a partenrship - sole trade to a partnership 

E.g business loan , other jobs , selling stock , shares , overdraft.

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