F2F Class Notes (Phil)

finance and crime

Vocabulary

corruption

a bribe, to bribe 

tax evasion – crime to not pay tax

gamble – in casino, card games

disposable income – money you have to spend after expenses (bills, food, transport)

% high interest savings account –

money laundering – a crime involving moving money

mortgage – bank loan to buy a house/apartment

housing shortage – not enough housing

do investment – invest

decrease its value – lose its value