U4 Financial Literacy Vocab

A policy providing protection against potential harm

Money received for college based on merit determined by the scholarship-giver

Strategy of holding different investments to minimize risk

Tax levied on the wages, salary and other income of an individual

State or local tax levied on a product at the time of sale

A form of financial aid that does not usually get repaid

Security that represents an ownership of a fraction of the profits of a company.

Period where stock prices move down for several months or years in a row

An estimate of income and expenditures in a given time period.

A calculation of the cost of an action and its benefits.

Money paid regularly at a particular rate for use of money lent.

Money reserved, especially through a bank or investment plan

The amount of money you have to pay before insurance starts to help.

Loans to help pay for higher education that do not accrue interest while you are in school.

Refinancing by taking out one loan to pay off many other loans

The act of not repaying borrowed money

Period Where Stock Prices move up for several months or years in a row

A portion of a company’s profits shared with stockholders.

Profit on the sale of an asset held for 12 months or longer

The amount of money you pay for an insurance policy