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Leach Financial

STEM Terms from Unit 9: Financial and Economic Literacy

TermDefinition
Budget An estimate, often itemized, of expected income and expensefor a given period in the future
Consumer A person who purchases goods and services for personal use
Credit Time allowed for payment for goods or services obtained on trust
Economy The wealth and resources of a country or region, esp. in terms of the production and consumption of goods and services
Finance Provide funding for a person or enterprise.
Interest A sum paid or charged for the use of money or for borrowing money
Investor Someone who commits capital in order to gain financial returns
Literate Having knowledge or skill in a specified field
Producer A person, company, or country that makes, grows, or supplies goods or commodities for sale
Profit A financial gain, esp. the difference between the amount earned and the amount spent in buying, operating, or producing something
Created by: CoachLeach
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