Ventures 3, Unit 7 Vocabulary

debt

• money that you owe

• money in the savings account

• ability to pay for something

• buy now and pay for it later

balance

• money that you owe

• money in the savings account

• ability to pay for something

• buy now and pay for it later

afford

• money that you owe

• money in the savings account

• ability to pay for something

• buy now and pay for it later

pay on credit

• money that you owe

• money in the savings account

• ability to pay for something

• buy now and pay for it later

loan

• money that you borrow from the bank

• a spending plan that a family makes

• a small plastic card that allows you to buy something now and pay for it later

• the smallest amount you can pay each month on a credit card

family budget

• money that you borrow from the bank

• a spending plan that a family makes

• a small plastic card that allows you to buy something now and pay for it later

• the smallest amount you can pay each month on a credit card

credit card

• money that you borrow from the bank

• a spending plan that a family makes

• a small plastic card that allows you to buy something now and pay for it later

• the smallest amount you can pay each month on a credit card

minimum payment

• money that you borrow from the bank

• a spending plan that a family makes

• a small plastic card that allows you to buy something now and pay for it later

• the smallest amount you can pay each month on a credit card

interest rate

• the percentage rate % that you pay each month on a credit card balance

• a person who helps you solve financial problems

• This card allows bank customers to spend money by using funds that they have deposited at the bank.

• cash

debt counselor

• the percentage rate % that you pay each month on a credit card balance

• a person who helps you solve financial problems

• This card allows bank customers to spend money by using funds that they have deposited at the bank.

• cash