Financial Literacy Vocabulary

To take and use money that will be repaid in the future.

• borrow

• loan

• income

• student loan

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

A person's job or profession.

• occupation

• marital status

• scholarship

• savings

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

A detailed report of an individual's credit history, including past borrowing and repayment behavior.

• credit card

• interest

• credit report

• credit limit

A payment card that deducts money directly from a consumer's checking account when making a purchase.

• credit limit

• student loan

• deposit

• debit card

The cost of borrowing money, usually expressed as a percentage over time.

• deposit

• debt

• interest

• loan

Tags

CCSS.7.RP.A.3

The act of taking money out of a bank account.

• transfer

• withdrawal

• loan

• deposit

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

A type of loan designed to help students pay for post-secondary education and the associated fees, with repayment typically starting after graduation.

• student loan

• credit card

• grant

• scholarship

A grant or payment made to support a student's education, awarded based on academic or other achievements.

• student loan

• work study

• grant

• scholarship

Tags

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

A sum of money borrowed from a financial institution or lender, to be repaid with interest.

• loan

• deposit

• lender

• debt

Tags

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

A legal process for individuals or businesses that are unable to repay their outstanding debts.

• bankruptcy

• interest

• lender

• debt