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PCS Personal Finance
Final Review
| Term | Definition |
|---|---|
| consumer | a person or organization that uses a product or a service |
| debt | an obligation of repayment owed by one party to a second party |
| ecomony | a system by which goods and services are produced and distributed |
| interest | fee paid by a borrower to the lender for the use of borrowed money |
| loan | temporary borrowing of a sum of money |
| emergency fund | a savings account set aside for unexpected events |
| interest rate | fee that is charged on debt or paid on investments for use of money |
| compound interest | earning interest on interest |
| pre-authorized check | money being pulled out of your pay check |
| sinking fund | saving money for a big purchase |
| budget | |
| envelope system | |
| impulse purchase | |
| overdraft | |
| reconcile | |
| zero-based budget | |
| co-signing | |
| credit | |
| credit report | |
| debt snowball | |
| Associate's Degree | |
| Bachelor's Degree | |
| FAFSA | |
| grant | |
| mentorship | |
| scholarship | |
| trade school | |
| work study | |
| deposit | |
| outstanding | |
| withdrawl | |
| auction | |
| integrity | |
| mark up | |
| 401(k) | |
| 403(b) | |
| diversification | |
| liquidity | |
| mutual fund | |
| Roth IRA | |
| share | |
| renter's insurance | |
| home owners insurance | |
| auto insurance | |
| health insurance | |
| disability insurance | |
| identity theft protection | |
| life insurance | |
| long term care insurance | |
| claim | |
| coverage | |
| deductible | |
| liability | |
| premium | |
| cover letter | |
| income tax | |
| resume | |
| social security |
Created by:
Ms.Sala
Popular Finance sets