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Understanding Money
Vocabulary
| Term | Definition |
|---|---|
| what a person owns of value, such as jewelry, savings, art, a home, and a car | assets |
| a place where people put their money for safekeeping, and for ease of use | bank |
| helps people invest their money | brokerage firm |
| a spending plan people make in order to make sure there is enough income to cover all expenses | budget |
| something you obtain by going to school and working jobs related to the work you want to do | career |
| a saving certificate that gains interest and has a set time before you can withdraw your money | certificate of deposite |
| giving resources or volunteering time to help those in need | charity |
| finding out whether or not what you are about to buy can be found for a better price or in a better shape at a different store | comparison shopping |
| stuff you do to make risk less dangerous or not dangerous at all | controlling risks |
| a loan that a person uses to pay for things, but is expected to be paid back | credit |