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Financial Literacy

vocabulary words

TermDefinition
Bonus offer Given by financial institutions to get you to do business with them.
Balance due How much you owe on your credit card
Due date when you have to pay your bill by
Late fee Charge if you don't pay your bill on time
Intro APR Temporary low interest rate (could be zero)
Penalty APR Interest rate charged to you because you were late on your bill
Minimum payment due Amount you HAVE to pay on your credit card bill
Credit Score Number that represents your financial history
Savings Account Account used for storing your money for future goals
Checking Account Account used to pay bills and provides easy access to your money
Payer Person writing the check
Payee Person receiving the check
Check Form of money that tells the bank who to pay and how much
Memo Note to self for what the check was written for.
Overdraft When you write a check for more amount than you have in your account.
ATM fee A charge for using an ATM from another bank
Interest Cost of borrowing money in the form of a loan from a bank
Savings APR Interest rate you earn on your money in savings account
Created by: khalupka
Popular Family and Consumer sets

 

 



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