Financial Literacy Vocab

Front

A percent of an item's cost charged by governments to raise money.

Back

sales tax

Tags

CCSS.6.RP.A.3C

Front

A tax on individuals or entities that varies with their income or profits.

Back

income tax

Tags

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Front

A unit rate for comparing prices.

Back

unit price

Tags

CCSS.6.RP.A.1

CCSS.6.RP.A.2

Front

Money earned by bank customers based on savings account principal.

Back

interest

Tags

CCSS.7.RP.A.3

Front

A fixed percent of the principal, calculated as I=Prt (P=principal, r=rate, t=time).

Back

simple interest

Tags

CCSS.7.RP.A.3

Front

Initial amount borrowed or saved.

Back

principal

Tags

CCSS.HSN.RN.A.2

Front

A deduction from the usual cost of something.

Back

Discount

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Front

A voucher for a discount on a product.

Back

coupon

Tags

CCSS.L.1.6

CCSS.L.3.6

CCSS.L.4.6

CCSS.L.K.5A

Front

A partial refund for overpayment on tax, rent, or utilities.

Back

rebate

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Front

Interest on principal and previously earned interest.

Back

compound interest

Tags

CCSS.HSF.BF.A.2