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Financial Literacy 3

Vocabulary Grade 3

TermDefinition
Cost of Living The price of goods and services required for maintaining an average level of the standard of living. It can vary from location to location
Inflation The rise in costs of goods and services
Salary An amount of money a worker is paid
Rent The money paid for the use of another person's property
Cash Bonus A lump sum of money paid to an employee, either occasionally or periodically, for good performance
Job A form that indicates interest in a particular position in a company
Citation A cash penalty
Checking Account An account in the bank from which the depositor can withdraw or deposit funds.
Withdrawal The act of taking money out of a bank account
Checking Register A document used to record financial transactions
Deposit The act of putting money in a bank account
Employed Holding an occupation for which you are paid
Experience Positions or events that have helped prepare you for a specific job
Stipend A fixed regular sum paid as an allowance
Created by: user-1644938
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