NEW
Font size
WorksheetsFinancial Literacy Vocab
Total questions: 19
Worksheet time: 10mins
Income Tax
A portion of one's personal income paid to a government.
Benefits for most Americans who are retired, sick, or too disabled to work, and to families of workers who have died.
A fee received or paid for the use of money
To commit money to gain a profit.
Social Security
To automatically save a specified amount from a paycheck for future use.
Benefits for most Americans who are retired, sick, or too disabled to work, and to families of workers who have died.
A fee received or paid for the use of money.
A collection of stocks or bonds of various corporations.
Medicare
To automatically save a specified amount from a paycheck for future use.
To commit money to gain a profit.
An IOU issued by an organization exchange for a loan from an investor that will be repaid with interest.
Health coverage for almost all Americans age 65 and over.
Bond
A collection of stocks or bonds of various corporations.
An IOU issued by an organization exchange for a loan from an investor that will be repaid with interest.
A fee received or paid for the use of money.
To automatically save a specified amount from a paycheck for future use.
Interest
Money paid out of pocket before insurance covers the remaining costs.
To automatically save a specified amount from a paycheck for future use.
A contract that outlines coverage plans and protects a person against financial loss or damage.
A fee received or paid for the use of money.
Invest
To commit money to gain a profit.
A collection of stocks or bonds of various corporations.
To automatically save a specified amount from a paycheck for future use.
The amount of money originally invested.
Pay Yourself First (PYF)
A card authorizing the holder to buy goods and services that can be paid for later.
To automatically save a specified amount from a paycheck for future use.
A contract that outlines coverage plans and protects a person against financial loss or damage.
A collection of stocks or bonds of various corporations.
Mutual Fund
A record of a person's financial information
A collection of stocks or bonds of various corporations.
Money available to spend on goods and services that are not essential
Making a purchase based on an immediate want or due to the pressure of advertising
Principal
A card authorizing the holder to buy goods and services that can be paid for later.
A contract that outlines coverage plans and protects a person against financial loss or damage.
The amount of money originally invested.
Money paid out of pocket before insurance covers the remaining costs.
Stock
A contract that outlines coverage plans and protects a person against financial loss or damage.
A card authorizing the holder to buy goods and services that can be paid for later.
A share of a corporation sold to the public.
Money paid out of pocket before insurance covers the remaining costs.
Deductible/Co-Pay
An IOU issued by an organization exchange for a loan from an investor that will be repaid with interest.
Money paid out of pocket before insurance covers the remaining costs.
To automatically save a specified amount from a paycheck for future use.
A contract that outlines coverage plans and protects a person against financial loss or damage.
Insurance Policy
A record of income and spending and a plan for managing money
A card authorizing the holder to buy goods and services that can be paid for later.
Money available to spend on goods and services that are not essential
A contract that outlines coverage plans and protects a person against financial loss or damage.
Credit Card
Money paid out of pocket before insurance covers the remaining costs.
A card that looks like a credit card but operates like cash; money is immediately subtracted from the cardholder's bank account
A record of a person's financial information
A card authorizing the holder to buy goods and services that can be paid for later.
Debit Card
A card that looks like a credit card but operates like cash; money is immediately subtracted from the cardholder's bank account
A card authorizing the holder to buy goods and services that can be paid for later.
Making a purchase based on an immediate want or due to the pressure of advertising
A record of a person's financial information
Credit Report
A standardized measurement of the potential to repay a debt
A record of income and spending and a plan for managing money
Money available to spend on goods and services that are not essential
A record of a person's financial information
Credit Score
A share of a corporation sold to the public.
Money paid out of pocket before insurance covers the remaining costs.
A standardized measurement of the potential to repay a debt
Making a purchase based on an immediate want or due to the pressure of advertising
Impulse Buying
Making a purchase based on an immediate want or due to the pressure of advertising
A contract that outlines coverage plans and protects a person against financial loss or damage.
The amount of money originally invested.
To automatically save a specified amount from a paycheck for future use.
Budget
A standardized measurement of the potential to repay a debt
A card that looks like a credit card but operates like cash; money is immediately subtracted from the cardholder's bank account
A record of income and spending and a plan for managing money
Discretionary Income
A standardized measurement of the potential to repay a debt
A record of income and spending and a plan for managing money
Money available to spend on goods and services that are not essential
A record of a person's financial information
