Financial Literacy Vocabulary Terms

Front

What is money earned called?

Back

Income

Tags

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.3.4D

CCSS.L.8.4C

CCSS.L.2.4E

Front

What do you call the action of putting money into an account?

Back

Deposit

Tags

CCSS.RI.5.10

CCSS.RI.4.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.3.10

Front

What is an identification card issued by a bank that allows a user to immediately remove money from an account?

Back

Debit Card

Front

What is the term for taking money out of an account?

Back

Withdrawal

Tags

CCSS.RI.5.10

CCSS.RI.4.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.3.10

Front

What is the money paid to the government based on income called?

Back

Income Tax

Tags

CCSS.6.RP.A.3C

Front

What is the term for a fee paid for borrowing money?

Back

Interest

Tags

CCSS.7.RP.A.3

Front

What do you call a loan that is secured by an asset?

Back

Secured Loan

Front

What is the term for a loan that does not require collateral?

Back

Unsecured Loan

Front

What is the amount of money you owe called?

Back

Debt

Tags

CCSS.L.6.4C

CCSS.L.3.4D

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.2.4E

Front

What is the term for the total amount of money you have saved or invested?

Back

Assets