Financial Literacy Vocabulary Terms

Front

What is property tax?

Back

A tax paid by property owners based on the value of their property.

Front

What is an expense?

Back

Something that you pay for, such as bills or groceries.

Front

What is a check?

Back

A written order asking a bank to pay a specific amount from your account.

Front

What is a deposit?

Back

Putting money into a bank account.

Front

What is a budget?

Back

An organized plan for managing income and expenses.

Front

What is income?

Back

Money received, especially on a regular basis, for work or through investments.

Front

What is a savings account?

Back

A bank account that earns interest on the money deposited.

Front

What is interest?

Back

The money paid regularly at a particular rate for the use of borrowed money.

Front

What is a loan?

Back

Money that is borrowed and expected to be paid back with interest.

Front

What is a credit card?

Back

A card that allows you to borrow money from a bank to make purchases.