Ramsey vocab flashcard ch 3- saving

Front

Interest on a debt not yet collected; accumulates from loan issuance.

Back

Accrued Interest

Front

Percentage charged by lender for money use

Back

Interest Rate

Front

Interest on previously earned interest

Back

Compound Interest

Front

Savings account for financial emergencies

Back

Emergency Fund

Front

Average growth rate of an investment over time, often annual.

Back

Compound Growth

Front

A purchase requiring significant money

Back

Large Purchase

Front

Initial amount invested or borrowed

Back

Principal

Front

Persistent rise in costs over time

Back

Inflation

Front

Measure of investment profit/loss, as a % of initial investment

Back

Rate of Return

Front

Save a $500 emergency fund

Back

First Foundation