Personal Finance Vocabulary

Savings

• the dollars that become available for investors to use when others save
• give away
• gambling
• money  stored in your sock drawwe

Interest

• payment made for the use of borrowed money
• show attention
•  financial plan of revenue and expendtitures
• total amount of money owed

Financial Institution

• group that channels savings to investors
• government IOU for a period of years.
• company that sells its stock to purchase 
  
• a payment card issued to users as a method of payment.

creditors

• persons or institutions to whom money is owed
• your parents
•  total amount of money owed
• short term US government IOU for a period of years.

debt

• total amount of money owed
• short term US government IOU for a period of years.
• a payment card issued to users as a method of payment
• payment made for the use of borrowed money

treasury bill

• short term US government IOU for a period of years.
• payment made for the use of borrowed money
• company that sells its stock to purchase stocks and bonds of other companies
• a payment card issued to users as a method of payment.

mutual fund

• company that sells its stock to purchase stocks and bonds of other companies
• a payment card issued to users as a method of payment.
• total amount of money owed
• payment made for the use of borrowed money

credit cards

• a payment card issued to users as a method of payment.
• payment made for the use of borrowed money
• group that channels savings to investors
• total amount of money owed

Scholarship

• merit based award of financial aid for a student to further their education.
• total amount of money owed
• need-based financial aid that doesn’t have to be repaid.
• persons or institutions to whom money is owed

grant

• need-based financial aid that doesn’t have to be repaid.
• merit based award of financial aid for a student to further their education
• total amount of money owed
• persons or institutions to whom money is owed