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6th Math Mod 18
Personal Financial Literacy
Term | Definition |
---|---|
checking account | an account at a financial institution that allows for withdrawals and deposits |
credit card | a plastic card issued by a financial company allowing a customer to buy goods or services on credit |
credit history | information about how a consumer has borrowed and repaid debt |
credit report | a report containing detailed information on a person's credit history |
credit score | a number based on information in a consumer's credit report that measures an individual's creditworthiness |
debit card | an electronic card issued by a bank that allows a customer to access their account ot withdraw cash or pay for goods and services |
grant | money awarded to students that does not need to be repaid |
scholarships | a monetary award to a student to support their education |
work-study programs | program in which students are able to work at jobs on campus to make money to pay their college tuition |
income | any money earned by employment or investment |