Term | Definition |
assets | what a person owns of value, such as jewelry, savings, art, a home, and a car |
bank | a place where people put their money for safekeeping, and for ease of use |
brokerage firm | helps people invest their money |
budget | a spending plan people make in order to make sure there is enough income to cover all expenses |
career | something you build by going to school and working jobs related to the career you want |
certificate of deposit | a savings certificate that gains interest and has a set time before you can withdraw your money |
charity | giving resources or volunteering time to help those in need |
comparison shopping | finding out whether or not what you are about to buy can be found for a better price or in better shape at a different store |
controlling risks | stuff you do to make risks less dangerous or not dangerous at all |
credit | a loan that a person uses to pay for things, but is expected to pay back |
credit union | just like a bank, only its members own it |
decision making | considering different information to make a choice |
entrepreneur | a person who starts his or her own business |
expence | the cost of the things that people spend money on |
financial advisor | a person who is an expert at handling money and can give you information and advice about saving and investing |
financial institution | a place, like a bank, that helps its members manage their money |