Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Finance Vocabulary
unit 11 words to know
| Term | Definition |
|---|---|
| interest | money paid on a loan usually a % of the amount |
| debt | money owed |
| penalty | extra money that is paid when a debt isn't paid on time |
| reliability | when someone can be counted on to pay a debt |
| investment | spending money now to get a larger amount later |
| attractive | something that seems like a good idea |
| temptation | something that makes you want to purchase an item |
| discipline | the ability to wait for something until you can afford it |
| skimp | having to get by on less |
| default | failure to pay back a loan |
| barter | to trade without money |
| market | a place where large amounts of trades take place |
| transaction | the process of making a trade |
| commodity | goods that are traded |
| token | something valuable used to make a trade, like shells or beads |
| valuable | something that has worth, like gold or gems |
| durable | goods that last a long time |
| currency | printed money |
| coin | money made from metals |
| goods and services | products and things people do that have value |
| income | all the ways you earn money |
| salary | money paid for rendering a service or work for a week or month |
| expense | things that have a cost |
| receipt | a record of expenses |
| essential | costs that can't be avoided. For example a housing bill |
| variable | costs or expenses that may change from month to month |
| bankruptcy | when a person has no way to pay their debts |
| possessions | all the things a person owns that have value |
Created by:
daniel.king
Popular Social Studies sets