Glossary

The expense-splitting glossary.

Every term you'll meet when splitting bills and sharing money — explained in plain English. For the vocabulary specific to the app's screens and settings, see the app terms reference.

Core

Expense Group Personal Expense Shared Expense Settlement Balance Total Balance You Owe You Are Owed Debt Credit Split Transaction Payment Reimbursement Transfer Receipt Bill Invoice Budget Category

Splitting methods

Equal Split Exact Amount Split Percentage Split Share Split Custom Split Unequal Split Itemized Split Tax Tip Service Charge

Balances & settlements

Net Balance Outstanding Balance Partial Settlement Full Settlement Settle Up Settle All Simplified Debts Payment History Settlement History

Recurring & planning

Recurring Expense Due Date Reminder Monthly Budget Spending Limit Financial Goal Savings Goal Expense Plan

AI features

AI Receipt Scanner OCR AI Categorization AI Insights Spending Analysis Spending Trend Smart Suggestions Duplicate Detection Merchant Detection Currency Detection

Currency

Currency Exchange Rate Base Currency Multi-Currency Currency Conversion Default Currency

Financial terms

Income Expense Ratio Disposable Income Net Worth Fixed Expense Variable Expense One-Time Expense Subscription Merchant

Kameti & group savings

Use cases

Splitting Rent Splitting Utilities Roommate Expenses Trip Expense Splitting Household Expenses Group Bill Splitting a Dinner Bill

Money concepts

Understand every expense-splitting term

Sharing money comes with its own vocabulary — settle up, net balance, itemized split, simplified debts, AI receipt scanning. This glossary defines every term you'll come across when splitting bills with roommates, friends, a partner or a group on a trip, so you always know exactly what your app is doing with your money.

Each definition is written in plain English and links to a fuller explanation with real examples of how the term works inside EconoGlance. Whether you're new to shared expenses or just want to double-check what a percentage split or a base currency means, this is the reference to bookmark. And when you're ready to put it into practice, EconoGlance is free to start on iPhone and Android — no ads, no spreadsheets, just a clear picture of who owes who.

Free to start

Put the glossary into practice.

Scan a receipt, split any bill, and always know who owes who. Available on iOS and Android, with no ads.

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You are owed$124.50