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Financial Literacy

TermDefinition
expense payment for goods or services
financial institution a business, like a bank, that collects money, keeps it safe, and provides money for people and businesses to borrow
fixed expenses expenses that occur regularly and the amount does not change
income money earned or received
interest the additional money paid by a borrower to a lender in exchange for using the lender's money.
invest purchasing something of value (stocks, bonds, real estate) with the goal of earning money over time
profit the amount left after all the expenses are subtracted from the amount of money received for selling an item or service
savings money set aside for future use
variable expenses expenses in which the amount does change based on need or choice
Created by: mdavis72
 

 



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