Unit 11 Vocabulary

A card that allows you to pay the balance over a period of time, subject to interest.

• credit card

• debit card

• grant

• scholarship

A card that immediately deducts funds from your checking account

• credit card

• debit card

• grant

• scholarship

An addition of money into a bank account

• Deposit

• Withdrawal

• Transfer

A form of financial aid, based on need, provided by the government that does not have to be repaid

• Scholarship

• Student Loan

• Work Study

• Grant

The amount of money paid on a loan or an investment

• Grant

• Interest

• Scholarship

• Work Study

A sum of money that is awarded on merit to help offset the costs of college

• Grant

• Scholarship

• Work Study

• Student Loan

A loan set up in order to help college students pay for tuition, books, and living expenses

• Scholarship

• Student Loan

• Grant

• Work Study

Moving money from one account to another

• Deposit

• Withdrawal

• Transfer

The removal of money from a bank account

• Deposit

• Withdrawal

• Transfer

A financial aid program in which a college student works to pay money towards their tuition

• Grant

• Scholarship

• Student Loan

• Work Study