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Leach Financial
STEM Terms from Unit 9: Financial and Economic Literacy
Term | Definition |
---|---|
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 |