Financial Literacy Vocabulary

Front

A record or statement of financial expenditures or receipts, often related to a bank or credit union.

Back

Accounts

Front

An amount available or owed on an account.

Back

Balance

Front

Deciding how to spend your money before you actually spend it.

Back

Budget

Front

The physical form of money, such as coins or paper money.

Back

Cash

Front

A bank account that allows quick access to money for everyday expenses.

Back

Checking Account

Front

The time it takes for money to move from one account to another (e.g. from checking to cash, or from one checking account to another).

Back

Clearing

Front

The amount you pay to a healthcare provider before your insurance takes the claim, usually paid before you receive a service.

Back

Copay

Front

Obtaining something you want with the understanding you'll pay for it later.

Back

Credit

Front

An amount removed from your bank account to pay for something.

Back

Debit

Front

The amount you owe on a loan.

Back

Debt