financial literacy vocabulary

Front

Credit Card

Back

A payment card that allows the cardholder to borrow funds from a financial institution to make purchases.

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.8.4

CCSS.RI.11-12.4

CCSS.RI.7.4

Front

Inflation

Back

The general increase in prices of goods and services over time, resulting in the decrease in purchasing power.

Tags

CCSS.RI.9-10.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

Front

Net Worth

Back

The difference between a person's assets and liabilities, representing their overall financial worth.

Tags

CCSS.L.9-10.4C

CCSS.L.8.4C

CCSS.L.7.4C

CCSS.L.11-12.4C

CCSS.L.6.4C

Front

Saving

Back

Setting aside money for future use or emergencies.

Tags

CCSS.L.9-10.4C

CCSS.L.8.4C

CCSS.L.7.4C

CCSS.L.11-12.4C

CCSS.L.6.4C

Front

Retirement Planning

Back

The process of setting aside funds and making financial decisions to ensure a comfortable retirement.

Front

Debit Card

Back

A payment card that deducts money directly from a consumer's checking account to pay for a purchase.

Tags

CCSS.RI.9-10.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.7.4

CCSS.RI.11-12.4

Front

Mortgage

Back

A loan specifically for purchasing real estate, where the property serves as collateral.

Tags

CCSS.L.9-10.4C

CCSS.L.8.4C

CCSS.L.7.4C

CCSS.L.11-12.4C

CCSS.L.6.4C

Front

Credit Score

Back

A numerical expression of a person's creditworthiness, based on their credit history.

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.8.4

CCSS.RI.7.4

CCSS.RI.11-12.4

Front

Debt

Back

Money that is owed or due to another party.

Tags

CCSS.L.9-10.4C

CCSS.L.8.4C

CCSS.L.7.4C

CCSS.L.11-12.4C

CCSS.L.6.4C

Front

Insurance

Back

A financial product that provides protection against financial loss or risk.

Tags

CCSS.L.9-10.4C

CCSS.L.8.4C

CCSS.L.7.4C

CCSS.L.11-12.4C

CCSS.L.6.4C