Personal Financial Literacy

Front

An identification card issued by a bank that allows a user to buy items and services immediately and pay the cost at a later time.

Back

Credit Card

Front

Property owned by a person or company that has value.

Back

Assets

Front

Written document asking a bank to pay a certain amount from your account.

Back

Check

Front

An identification card issued by a bank that allows a user to immediately use money from an account. You have a personal identification number (PIN) to keep it safe.

Back

Debit Card

Front

Your total income before income tax or other deductions are taken out of it.

Back

Gross Income

Front

The amount that is left after taxes.

Back

Net Income

Tags

CCSS.6.RP.A.3B

Front

A tax based on the amount of money you earn, or your income.

Back

Income Tax, income tax

Front

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Back

Interest Rate

Tags

CCSS.7.RP.A.3

Front

Interest that is calculated only on the principal, or original, amount of a loan.

Back

Simple Interest

Tags

CCSS.7.RP.A.3

Front

Interest computed on the original principal plus any accrued interest.

Back

Compound Interest

Tags

CCSS.HSF.BF.A.2