Finance Vocabulary Worksheet

Front

A savings account set up specifically to be used to cover financial emergencies is called _________.

Back

Emergency Fund

Front

A purchase that requires a significant amount of money is called a _________.

Back

Large Purchase

Front

The percentage of principal charged by the lender for the use of its money is called _________.

Back

Interest Rate

Front

The amount of interest charged on a debt but not yet collected; interest accumulates from the date a loan is issued is called _________.

Back

Accrued Interest

Front

The average rate of growth for an investment over time; often expressed as an annual figure is called _________.

Back

Compound Growth

Front

Interest paid on interest previously earned is called _________.

Back

Compound Interest

Front

The initial amount of money invested or borrowed is called _________.

Back

Principal

Front

The measure of an investment’s profit or loss, usually expressed as a percentage of the initial investment, is called _________.

Back

Rate of Return

Front

The persistent rise in the cost of goods and services over time is called _________.

Back

Inflation

Front

The concept that an amount of money is worth more today than in the future due to earning potential is called _________.

Back

Time Value of Money