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Assets - Any item of economic value owned by an individual, Debt - When you owe money to someone, Payday Loan - A small amount of money lent at a high interest rate, usually for a short period of time, Invest - Put money into something in the hope that you'll get something back, by earning interest (a return), Building Society - Like a bank, except everybody that puts money into it can decide how it is run (like Nationwide),

Personal Finance Key Terms

by Charlotte23

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