Financial Literacy Vocabulary

Front

What is a credit report?

Back

A document that provides detailed information about all debts and financial history.

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

Front

What is an associate's degree?

Back

A degree granted after a two-year course of study.

Tags

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Front

What is a credit card?

Back

A plastic card given by a store or bank that allows consumers to buy things now and pay the money back later.

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

Front

What is a debit card?

Back

A plastic card given by a bank that allows consumers to buy things and the money is taken directly from their bank account.

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

Front

What is a withdrawal?

Back

The act of taking money out of an account.

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

Front

What is a deposit?

Back

The act of putting money into a bank account.

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

Front

What is a bank statement?

Back

A summary of all transactions in a bank account over a specific period.

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

Front

What is interest?

Back

The cost of borrowing money or the earnings from saving money, usually expressed as a percentage.

Tags

CCSS.6.RP.A.3C

Front

What is a budget?

Back

A plan that outlines expected income and expenses over a certain period.

Tags

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Front

What is a loan?

Back

Money that is borrowed and must be paid back with interest.

Tags

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C