Financial Terms

What is the right or ability to buy things now but not pay until later called?

• Credit

• Savings

• Copay

• Budget

What is something owed to another person.

• Debt

• Investment

• Debit

• Savings

What is an amount of money taken out of or owed on an account.

• Debt

• Investment

• Debit

• Savings

What is money that is paid for the use of another person's money.

• Debt

• Investment

• Debit

• Interest

What is the amount of money that someone can spend during a certain time or for certain purposes.

• Budget

• Mortgage

• Loan

• Bond

What is a written agreement by which an institution, such as a bank, agrees to lend money so you can buy a property.

• Budget

• Mortgage

• Loan

• Bond

What is money or something else that is borrowed or lent.

• Budget

• Mortgage

• Loan

• Bond

What is a piece of paper that a government or business gives when it borrows money.

• Budget

• Mortgage

• Loan

• Bond

What is the amount paid or payable for insurance coverage.

• Premium

• Copay

• Tax

• Investment

What is money that you pay to a government. The government uses the money to provide services.

• Premium

• Copay

• Tax

• Investment