Financial Literacy Vocabulary

is money placed into a checking or savings account at the bank

is the amount of money paid to an employee by an employer for work completed

is something that may be subtracted

is a fee charged by a financial institution for a service provided to customers

is an agreement stating how a borrower will repay money to a lender over time

is the failure to meet one's financial responsibility

is an item that a person would like to have but isn't necessary for survival

is a person or business that loans money

is an item necessary for life such as food and shelter

is the yearly cost of a financed amount, including interest and fees

is a plan for how much money is spent and saved based on income and goals

is the status of an account where money taken out is more than available

is the maximum amount a credit card will allow someone to borrow on a single card

is the length of time in months or years a borrower is given to repay a loan.

is money, goods or services owed to others

is a business that deals with money, deposits, investments, and loans

is a percentage of the cost of some goods and services, assessed by the government

is the initial amount of money invested or borrowed

is the money removed from a saving or checking account

is money placed into a checking or savings account at a bank