Financial Terms Flashcards

Front

What is the original amount of money borrowed or invested, before interest?

Back

Principal

Front

What term refers to the yearly cost of borrowing money or the return earned on an investment, expressed as a percentage?

Back

APR

Front

What term describes the length of time a loan or financial agreement lasts?

Back

Term

Front

What is the initial amount paid upfront when purchasing a big-ticket item like a house or car?

Back

Down Payment

Front

What is the amount of money earned after taxes and deductions?

Back

Net

Front

What is the total amount of money earned before any deductions?

Back

Gross

Front

What is the deadline for filing federal income taxes in the U.S.?

Back

April 15

Front

What type of loan requires collateral, such as a house or car?

Back

Secured loan

Front

What type of credit card requires a cash deposit as collateral to open an account?

Back

Secured credit card

Front

What type of payment card allows you to borrow money up to a set limit and requires repayment, with interest?

Back

Credit Card