Duplicate of Money Island Vocab

What credit costs you each year, as a percentage of the loan amount.

Items that are required to live such as food, shelter.

Money that banks pay people for letting the bank hold their money.

Money that you get by sharing your talents, like working at a job.

A plan for saving, spending, investing, and sharing.

Allows a person to pay for goods and services without cash, but repayment is required later.

A person's ability to borrow money.

Interest that builds only on the principal of a loan.

Giving money to a person or cause (charity) that is helpful.

Interest that builds both on the principal and the interest.

The amount that a person must pay on a credit card to avoid penalty charges.

Original amount of a loan.

Ownership of part of a company.

Buy assets such as stocks, real estate or a business to make a profit.

A valuable item that is owned.

Things you want like toys, book, CD's, etc.

Money that is made after a business pays all of its expenses.

A set amount of money you are paid each month for your job.

Money paid for government services such as roads, school, libraries.

Choice to put money aside for emergencies.