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Chapter 2 Financial Literacy Vocabulary Flashcards | StudBud
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Chapter 2 Financial Literacy Vocabulary
Chapter 2 Financial Literacy Vocabulary
10 terms
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StudBud Administration
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A #financial literacy review of vocabulary for Ch. 2 #daveramsey #creditanddebt
Flashcards
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Questions
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Answers
1
A person or company who loans money
borrower
employee
lender
work study
2
A plastic card usedto buy good or services using debt
debit card
credit card
3
Financial aid that does not need to be repaid; generally based on financial need
bonus
lottery
grant
loan
4
A program that allows students to work part-time while in college
student loan
grant
scholarship
work study
5
An assigned number to signal to lenders a person’s ability to repay a loan
credit score
grant
SAT score
loan
6
Educational loan at a low interest rate generally with no payments until graduation
work study
grant
car loan
student loan
7
Financial aid that does not need to be repaid;awarded on academic, athletic,or some achievement
scholarship
lottery
work study
grant
8
The charge for borrowed money generally defined as a percentage; or earned on money you invest
interest
loan
balance
credit
9
Someone who collects debts owed to others
debt collector
work study
lender
10
A short term, personal loan to purchase a car monthly payments with interest are made over time
car loan
student loan
