Financial Literacy Vocabulary

Front

What is an associate's degree?

Back

A degree granted after a two-year course of study, often from a community college.

Tags

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Front

What is a flat rate?

Back

A charge that is the same in all cases, regardless of the amount borrowed.

Tags

CCSS.3.OA.D.9

Front

What is awarded upon high school graduation?

Back

A high school diploma.

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

Front

What are banking fees?

Back

Nominal costs for account set-up, maintenance, and minor transactions for customers.

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

Front

What is interest?

Back

Money that is paid for borrowing someone else's money.

Tags

CCSS.7.RP.A.3

Front

What is a high school diploma?

Back

A certificate awarded to students upon graduation from high school.

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

Front

What is a variable interest rate?

Back

An interest rate that can change over time based on market conditions.

Tags

CCSS.7.RP.A.3

Front

What is a credit score?

Back

A numerical representation of a person's creditworthiness, based on their credit history.

Front

What is a budget?

Back

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

Tags

CCSS.6.EE.B.8

Front

What is saving?

Back

Setting aside money for future use instead of spending it immediately.

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4