Financial Literacy Vocabulary

To put money into an account is....

Interest that is paid on the initial principal and also on the previous interest earned for a savings account or a loan.

A legal status that a person or company enters when they are unable to pay their debts is...

A person who purchases goods and services for personal use is...

A word that means to gather up or gain an increasing number of something is...

Interest that is paid only on the initial principal for a savings account or a loan.

Any scholarship, grant, loan or paid employment offered to a student to help pay for expenses related to education is...

The original amount of money borrowed or invested is....

An amount of money that a borrower owes to a lender is...

A gift or donation to a collection for any specific purpose is...

An account that allows a person spend his own money by subtracting the amount spent from a linked account is....

The understanding of the use of money and how to make decisions concerning money is....

The amount of money in an account at any specific time is....

Money given to a student to help pay for education expenses, usually by the government, based on financial need is...

Having the ability to purchase things before payment based on the trust that payment will be made later is to have....

A card that allows a buyer to put off paying for a purchase until a time in the future is....

Money offered to a student to help pay for expenses related to education that must be paid back in the future is...

To use money in a way that you expect to gain something from it is....

A word that means something that happens once a year is...

To take money from a person or bank that you will pay back later is....

The amount of money paid or earned for the use of money is....

A fixed amount of money that is paid each hour to an employee for the amount of time spent working is...

A number between 300 and 850 that represents how responsible a person is with money is....

To take money out of an account is....

Money given to a student to help pay for education expenses awarded on the basis of academic or other achievements is...

An account that allows a person to keep money safely at the bank while also earning interest is....

A percentage of an amount of money that is charged or paid for the use of the money is....

A plan that estimates the amount of money a person will receive and spend over a period of time is...

A total amount of money that is paid to an employee for working a specific job, usually for one year, is...

A person who provides funding for another person or enterprise with the expectation of a financial gain is...