Examlex
Whenever you write a check or make a deposit,an entry should be made in your
Recessionary Period
A time of economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
Consumer Spending
The total amount of money spent by consumers on goods and services within an economy, a crucial factor for economic analysis.
Discretionary Income
The amount of an individual's income that is left for spending, investing, or saving after taxes and personal necessities are paid.
Discretionary
Refers to funds or expenses that are non-essential and can be adjusted or eliminated depending on the financial situation.
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