1st Financial Literacy Terms

A risk management tool that protects an individual from financial losses under specific terms

A computer terminal used to conduct business with a financial institution; aka cash machine

An individual who conceives of, establishes, operates, and assumes the risks of a business

A person who provides financial information and advice

A legally binding agreement between two or more parties

Earnings from employment, including commissions and tips.

Money earned from investments and employment

The cost of goods and services

Plastic card that provides access to electronic funds transfer from an automated teller machine

Legally released from the obligation to repay all debt in exchange 4 the forced loss of assets

Intentional deception, misrepresentation, or concealment of information for monetary gain

The process of seeking information about products to find the best quality for the best price

An expression of dissatisfaction with a product or service, often stating the problem.

Desired results from one's efforts to achieve personal economic satisfaction

An announcement of a product's or service's benefits that is intended to encourage its purchase

A revision of bankruptcy law intended to make the system fairer for creditors and debtors

Something owed, usually measured in dollars

An agreement to provide goods, services, or money in exchange future payments with interest

A long-term loan to buy real estate, land and the structures on it

A business that specializes in obtaining payment from debtors who have defaulted on their loans

Purchasing securities such stocks and mutual funds with the goal of increasing wealth with risk

A state or federally charted for-profit financial institution offers loans & financial services

A plastic card that authorizes the delivery of goods in exchange 4 future payment with interest

A spending plan

Item with economic value that an individual or organization owns, such as stocks or real estate