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being overdrawn A negative balance in your current account.
compound interest Hereby the interest received is left in the savings account, so that the amount saved increases all the time and the amount of interest also increases every year.
continuous credit With a continuous credit you can borrow up to a certain agreed maximum amount. You pay a fixed instalment amount per month which includes interest and repayment, until the loan has been repaid in full. If you then need the money again later, you can withdraw this again up to the agreed maximum amount.
exchanging over time Earning money and spending money is done in different periods, as with saving and borrowing.
growth factor Coefficient by which a variable must be multiplied to calculate the new value of that variable.
inflation An increase in the general price level.
instalment amount A fixed monthly amount consisting of an interest component and a repayment component.
instalment buying The article you buy is your property at once, but you pay for the purchase in monthly instalment amounts consisting of interest and repayment.
median The middle value of a series of numbers arranged according to magnitude. A median income of €1,000 means that 50% of the people earn less than €1,000 and 50% of the people earn more than €1,000.
mortgage loan A mortgage loan is a loan with a house as security.
percentage point The absolute difference between two percentages.
personal loan A personal loan is intended for consumer expenditure and is paid back by means of a fixed monthly instalment amount which consists of both interest and repayment.
relative changes We call changes in terms of percentage relative changes. Economists are often more interested in the relative changes than in the absolute changes of the quantities, because they want to know how certain variables develop.
saving Saving means not spending part of your (disposable) income.

being overdrawn
A negative balance in your current account.

compound interest
Hereby the interest received is left in the savings account, so that the amount saved increases all the time and the amount of interest also increases every year.

continuous credit
With a continuous credit you can borrow up to a certain agreed maximum amount. You pay a fixed instalment amount per month which includes interest and repayment, until the loan has been repaid in full. If you then need the money again later, you can withdraw this again up to the agreed maximum amount.

exchanging over time
Earning money and spending money is done in different periods, as with saving and borrowing.

growth factor
Coefficient by which a variable must be multiplied to calculate the new value of that variable.

inflation
An increase in the general price level.

instalment amount
A fixed monthly amount consisting of an interest component and a repayment component.

instalment buying
The article you buy is your property at once, but you pay for the purchase in monthly instalment amounts consisting of interest and repayment.

median
The middle value of a series of numbers arranged according to magnitude. A median income of €1,000 means that 50% of the people earn less than €1,000 and 50% of the people earn more than €1,000.

mortgage loan
A mortgage loan is a loan with a house as security.

percentage point
The absolute difference between two percentages.

personal loan
A personal loan is intended for consumer expenditure and is paid back by means of a fixed monthly instalment amount which consists of both interest and repayment.

relative changes
We call changes in terms of percentage relative changes. Economists are often more interested in the relative changes than in the absolute changes of the quantities, because they want to know how certain variables develop.

saving
Saving means not spending part of your (disposable) income.