Financial Literacy

Property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.

• asset

• capital

• inflation

• dividend

The overall general upward price movement of goods and services in an economy.

• asset

• capital

• inflation

• dividend

Cash or liquid assets being held or obtained for expenditures.

• asset

• capital

• inflation

• dividend

An asset, such as a home or a car, pledged by a borrower that a lender accepts as security against a loan in case the borrower for any reason cannot pay back the loan.

• asset

• capital

• collateral

• dividend

The interest you earn on interest.

• compound interest

• capital

• collateral

• dividend

Convert many of your debts into one loan payment, simplifying how many payments you have to make.

• Interest rate

• Inflation

• Consolidation Loan

• Liability

An assessment of the creditworthiness of a borrower in general terms or with respect to a financial obligation.

• Interest rate

• Credit Rating

• Consolidation Loan

• Liability

A relationship between a borrower and a lender.

• Credit

• Credit Rating

• Consolidation Loan

• Dividend

A person or company to whom money is owed.

• Credit

• Credit Rating

• Creditor

• Dividend

A reduction in the value of an asset with the passage of time, due in particular to wear and tear.

• Salary

• Depreciation

• Overdraft

• Dividend