CEFS Unit 2 Topic 7

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A government payment made to individuals who meet specific conditions to help them meet their living expenses.
Benefits
1 of 10
A plan of expected incomings and outgoings over a set time
period such as a month.
Budget
2 of 10
An income that people receive after retiring from work.
Pension
3 of 10
Losing a job because the business no longer needs, wants or
can afford that job to be done.
Redundancy
4 of 10
The extent to which an individual is seen as being likely to pay
back any money they borrow.
Creditworthiness
5 of 10
A type of expenditure that does not apply to everyone but if it does it must be paid.
Mandatory
6 of 10
A business in which all the business partners share
responsibility and profits.
Partnership
7 of 10
A long term loan used to purchase a house.
Mortgage
8 of 10
In financial terms, an individual’s ability to react to unexpected
events.
Flexibility
9 of 10
A general rise in prices, which means that the purchasing power
of money falls.
Inflation
10 of 10

Other cards in this set

Card 2

Front

A plan of expected incomings and outgoings over a set time
period such as a month.

Back

Budget

Card 3

Front

An income that people receive after retiring from work.

Back

Preview of the front of card 3

Card 4

Front

Losing a job because the business no longer needs, wants or
can afford that job to be done.

Back

Preview of the front of card 4

Card 5

Front

The extent to which an individual is seen as being likely to pay
back any money they borrow.

Back

Preview of the front of card 5
View more cards

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