Financial Literacy

A fund that pools the savings of many individuals and invests the money in a variety of financial assets.

An amount of money subtracted from an bank account balance

Insurance that protects a car owner from losses

The total amount of money in a bank account at any given time

A plan for managing money in which the total income equals the total expenses for a period of time

A federal guarantee of savings bank deposits with a limit of $250,000.

To subtract taxes from a workers gross income

Someone who is borrowing money with a plan to pay it back

A table for recording information about checks written on a bank account

Payment made over the internet that allows money to be taken directly from an bank account

Insurance to protect a car owner against claims for injury to another person or damage to another person's property

A table used to record income and expenses

The total price of goods or services before sales tax is added

A share of ownership in a corporation

A bank account that allows a customer to deposit and withdraw money and earn interest

Money removed from a savings or checking account

A card issued by a bank that a consumer uses to pay for goods and services with money from their checking account

A profit that results from selling something for more than the buyer paid

A yearly tax on homes and land that helps pay for local services.

To SUBTRACT money from the total

A person or business that loans money

The portion of corporate profits paid to stockholders

The amount of money received in a particular time in exchange for work

A set income that a person receives in exchange for work

Money that is withheld from a paycheck to fund federal programs

Activities performed by people or businesses that satisfy other people's wants and needs

A specific type of loan that is used to buy real estate

Insurance that pays for damage to your car caused by colliding with another car or object

Manual work a person does for wages

Money that is borrowed from a lender. The borrower agrees to repay the money over a period of time with interest.

An account that allows a person to deposit or withdraw money and write checks to pay for goods and services

An amount of money that a lender allows a person to borrow.

A yearly federal tax on a person's earnings

The person who starts up and takes on the risk of a business

Insurance that pays for damage to a car caused by something other than a collision, such as storms, theft, or vandalism.

The total amount of money a worker earns AFTER taxes and deductions are withheld

The amount your must pay before you begin receiving benefits from your insurance company

Documents that people keep regarding purchases, deposits, transfers, and other finances

A government program that partially protects workers' incomes when they are unemployed

Money placed into a checking or savings account

Paper money and coins

A city or state tax added to the price of an item you buy

The total amount of money a worker earns BEFORE taxes and deductions are withheld

A form of insurance paid by the employer that provides cash to workers injured or disabled in the course of employment

Money paid by a borrower in exchange for using a lender's money for a certain period of time

An amount of an asset's value that exceeds what is owed.

Someone who buys goods and services

The initial amount of a deposit or loan

A card issued by a bank that consumers use to pay for purchases with money from a checking account

To obtain money from a bank or person in order to purchase goods or services

A card issued by a bank or store that is used to borrow money or buy goods on credit.

Contributions to retirement and disability benefits that are deducted from pay

A slip of paper that is filled out to allow a bank to take money from a checking account

A type of savings account in which you put money away for a set amount of time to allow your principal to earn interest

An amount of money used to buy goods or services

Items produced for sale