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A debt exists when a certain amount is outstanding, regardless of the amount or the concept for which the money is owed. According to accounting terms, long-term debts are those whose payment period exceeds 12 months.

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A recession is a generalized decline or loss of economic activity in a country or region. This reduction in economic activity is measured by the decline, year-on-year,

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A situation of oversupply that can lead to a generalized decline in prices or an economic recession.

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is the generalized and sustained increase in the prices of goods and services in the market over a given period of time.

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An economic activity is a process in which a product or service is generated or distributed. By generating a product or service, our entity is creating value. Generally, the creation of value leads to income,

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A series of phases or states through which an event or phenomenon passes and which follow one another in the same order until reaching a phase or state from which they are repeated in the same order.

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It is the one that calculates how involved our income is in the loan, to see how much you can pay the commitment and so you will not be harmed in the future.

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an expense is an outflow of money that a person or company must pay to credit their right to an item or to receive a service.

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Income is the money received by an economic agent due to its economic activity. For example: The income of a household is the money obtained by its workers in their respective jobs.

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Financial liabilities are considered to be debts acquired with any type of entity, whether a bank, a credit institution or a company, in which there is an obligation to pay in the short, medium or long term. It is considered as another financial instrument.

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In economics, a debit is the obligation to assume a commitment to pay for a specific good or service. It is usually made in the present and with existing resources.

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Credit is a loan of money that one party grants to another, with the commitment that, in the future, the borrower will repay the loan gradually (by paying installments) or in a single payment and with an additional interest that compensates the lender for all the time he did not have the money.

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An Asset is built with goods and services, with functional and operational capabilities that are maintained during the complete development of each specific socioeconomic activity.

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The borrower is the person, natural or legal, who requests a loan of money that he/she undertakes to repay within an agreed period of time together with the interest generated.

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In economics, the interest rate or rate of interest refers to the amount paid in a unit of time for each unit of capital invested.

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The central bank is the institution that in most countries acts as the monetary authority and as such is usually in charge of issuing legal tender and in general of designing and executing the monetary policy of the country to which it belongs.

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Theoretical place where supply and demand for products and services meet and prices are determined.

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The price is the payment or reward assigned to obtain goods or services or, more generally, to any commodity.

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Total expenditure is the expenditure made by all households residing in Spain both in the national territory and in the rest of the world.

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A financial transaction is an agreement, communication or movement made between a buyer and a seller in which an asset is exchanged in return for payment. It involves a change in the financial situation of two or more companies or individuals.

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The science that studies resources, wealth creation, and the production, distribution, and consumption of goods and services to satisfy human needs.

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The productivity of labor increases when value added is increased by improving the use, coordination, etc. of all factors of production.
transactions