Personal Financial Literacy

Front

What is Simple Interest?

Back

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

Tags

CCSS.7.RP.A.3

Front

What are Assets?

Back

Property owned by a person or company that has value.

Front

What is a Rebate?

Back

An amount paid by way of reduction, return, or refund on what has already been paid or contributed.

Front

What is a Coupon?

Back

A voucher entitling the holder to a discount for a particular product.

Tags

CCSS.RI.6.3

CCSS.RI.7.3

CCSS.RI.7.5

CCSS.RI.8.3

CCSS.RI.8.5

Front

What are Liabilities?

Back

Debts or obligations that a person or company owes to others.

Front

What is Depreciation?

Back

The reduction in the value of an asset over time, often due to wear and tear.

Tags

CCSS.6.RP.A.3B

Front

What is a Budget?

Back

A plan that outlines expected income and expenses over a specific period.

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Front

What is Savings?

Back

Money that is not spent and is set aside for future use.

Front

What is Compound Interest?

Back

Interest calculated on the initial principal and also on the accumulated interest from previous periods.

Tags

CCSS.7.RP.A.3

Front

What is Financial Literacy?

Back

The ability to understand and effectively use various financial skills, including personal financial management.