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Covers account records and balances, debit and credit entries, bank statements, credit cards, overdrafts, and credit limits. Includes savings and lending ideas such as deposits, loans, fixed deposits, interest, inflation, exchange rates, and investment, along with related financial documents like invoices, tax invoices, and remittance slips.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/mathematical-literacy-a-finance-terms-and-definitions/493143/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/mathematical-literacy-a-finance-terms-and-definitions/493143.png","ImageObject",300,407,{"name":92,"@type":93},"Blitz","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-06","2026-10-01",true,{"@type":102,"interactionType":103,"userInteractionCount":34},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What does “balance” mean in this glossary?","Question",{"text":112,"@type":113},"Balance is the difference between debits and credits.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"How is “break-even point” defined?",{"text":117,"@type":113},"It is the activity level where total cost equals total sales, resulting in neither profit nor loss.",{"name":119,"@type":110,"acceptedAnswer":120},"What is the difference between simple interest and compound interest?",{"text":121,"@type":113},"Simple interest is charged only on the original amount due, while compound interest is charged on the amount due including interest charged to date.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},493143,1791215081,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":34,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":139,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":36,"preview_page_count":4},24464137899374,"https://us-avatar.wpscdn.com/davatar_3d24733baf745e90a7e4bdd5f77d97b2","A. MATHEMATICAL LITERACY  \nA. FINANCE  \n\n| TERM | DEFINITION |\n| --- | --- |\n| Account | A record of income and expenditure. |\n| Balance | This is the difference between debits and credits. |\n| Bank statement | The details of all the transactions made from one bank account in a given time period. |\n| Break-even point | Break-even point is where the business is at an activity level (doing business) at which total cost = total sales, i.e. you have made enough income to cover the costs. At the break-even point you are making neither a profit nor a loss; from that point on you will be making a profit with each sale (until new costs are incurred) . |\n| Budget | A plan of how to spend money. An estimate of income and expenditure. |\n| Bursary | A sum of money given to you by an organisation for the purpose of covering your study costs. |\n| Capital | Money that is owned by someone for the purposes of investing orlending. |\n| Commission | The sum of money paid to an agent (usually a salesperson) that is a percentage of the total value of goods sold by the agent. |\n| Compound interest | Interest charged on an amount due, but including interest charges to date. |\n| Consumption rate | The rate at which a commodity, such as water, electricity or fuel, is consumed. |\n| Cost-effective | Best value for money. |\n| Cost price | This is the amount that it costs per unit to either manufacture, purchase the item or to prepare for a service that will be delivered. This amount is pure cost, no mark up or profit added yet. |\n| Cost rate | The price of a product per mass, volume, length or time unit. |\n| Credit | This is an entry in an account showing a payment made to the account. |\n| Credit balance | The amount in the account is your own. |\n\n\n| Credit card | A credit card is a service bank’s offer to allow you to buy goods and pay for them at the end of the month. |\n| --- | --- |\n| Credit limit | The maximum amount you can spend on your credit card. |\n| Debit | When someone or an organisation takes money out of your account. An entry in an account showing a payment made from an account. |\n| Debit balance | The amount that you owe the bank for transactions made with borrowing money. |\n| Debit order | It is an arrangement giving permission to a third party to withdraw money from a bank account on a regular basis. |\n| Deposit | Payment made into a band account. |\n| Disposable income | Income that is left over after all payments have been made. |\n| Exchange rate | The value of one currency in terms of the value of another currency. |\n| Expenditure | How much money has been used on something. |\n| Fine print | The legal terms and conditions applicable to a transaction or account. |\n| Fixed deposit | A single deposit invested for a fixed period at a fixed interest rate. |\n| Fixed expenses | These are amounts that are the same every month like rent, school feesand transport costs. |\n| Fund | A source of money. |\n| Gross Income | The total amount of all an individual’s income before deductions. |\n| Hire purchase | Goods and products such as furniture can be purchased through a longer term lease or hire agreement (hire purchase), insurance is usually also added, until it is paid off. |\n| Inflation | That prices increase over time; that the value of money decreases overtime. Increase in the price of a basket of goods or services that is representative of the economy as a whole. |\n| Interest | Money paid regularly at a particular rate for the use or loan of money. It can be paid by a finance organisation or bank to you (in case of savings), or it may be payable by you to a finance organisation on money you borrowed from the organisation. |\n| Interest rate value | This is the % rate of interest that will be charged on your loan amount, i.e. a percentage value of the original loan amount. |\n\n\n| Interest value | This is the actual rand value amount of interest that will be added to your loan. |\n| --- | --- |\n| Invest | To put money into an organisation or bank (e.","cbCaiuYIrect9Wuo","https://ap.wps.com/l/cbCaiuYIrect9Wuo","pdf",421461,16,"English","# Mathematical Literacy - Finance\n## A. Finance Terms and Definitions","[{\"question\":\"What does “balance” mean in this glossary?\",\"answer\":\"Balance is the difference between debits and credits.\"},{\"question\":\"How is “break-even point” defined?\",\"answer\":\"It is the activity level where total cost equals total sales, resulting in neither profit nor loss.\"},{\"question\":\"What is the difference between simple interest and compound interest?\",\"answer\":\"Simple interest is charged only on the original amount due, while compound interest is charged on the amount due including interest charged to date.\"}]","MATHEMATICAL LITERACY - A FINANCE - Terms and Definitions | PDF",1790876198]