Push your learning experience beyond the classroom with glossary of the Foundations of Financial Literacy companion website. Bond. It provides a financial buffer that shields against accruing unwanted debt. Pop quiz: What does ‘creditworthiness’ mean? It is produced by the credit bureaus and typically consists of four sections: personal information, financial account history, history of credit applications, and public records. Articles provided in connection with this blog are general in nature, provided for informational purposes only and are not a substitute for individualized professional advice. Her work focuses on providing hands-on resources for high school and college-age students in addition to their parents and educators. Difficulty: Intermediate. Creditworthiness is a term that refers to how much confidence a lender can have in a borrower’s ability to repay a loan. K - 5th grade. Edit. a plan to regularly put aside money for a specific purpose. 19 Words for a Healthy Financial Literacy Vocabulary. Default is the second and more serious stage of nonpayment that follows the stage of delinquency. a retirement savings plan that is funded by employee contributions and (often) matching contributions from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments yourself, support paid by one spouse to another after separation, income from capital investment paid regularly, an unattended machine (outside some banks) that dispenses money when a personal coded card is used, the difference between the credit and debit of an account, a budget is balanced when current expenditures are equal to receipts, a legal process for a corporation declared to be insolvent, a market characterized by falling prices for securities, the recipient of funds or other advantages, a certificate of debt issued by a government or corporation, an additional payment (or other remuneration) to employees as a means of increasing output, a market characterized by rising prices for securities, the excess of cash revenues over cash outlays in a give period of time (not including non-cash expenses), a check issued by the officer of a bank on the banks own account (not that of a private person), a check containing certification that the person who issued the check has sufficient funds on deposit to cover payment, a bank account against which the depositor can draw checks that are payable on demand, a register of checks issued (usually in numeric order), court-ordered support paid by one spouse to the other who has custody of the children after the parents are separated, a financial institution that accepts demand deposits and makes loans and provides other services for the public, interest calculated on both the principal and the accrued interest, a binding agreement that is enforceable by law, sign and endorse (another person's signature), as for a loan, an offer made by someone who has rejected a prior offer, a certificate that can be redeemed for value as needed, an estimate of ability to fulfill financial commitments, a card (usually plastic) that assures a seller that the person using it has a satisfactory credit rating and that the issuer will see to it that the seller receives payment for the merchandise delivered, a person to whom money is owed by a debtor, a cooperative depository financial institution whose members can obtain loans from their combined savings, a card (usually plastic) that enables the holder to withdraw money or to have the cost of purchases charged directly to the holder's bank account, an amount that can be subtracted, as for tax purposes, a decrease in the gross amount on which a tax is calculated, a person who relies on another person for support, payment given as a guarantee that an obligation will be met, decrease in value of an asset due to obsolescence or use, earnings of a corporation distributed to its shareholders, the ownership interest of shareholders in a corporation, deduction allowed to a taxpayer because of his or her status, money spent to perform work and reimbursed by an employer, a federally sponsored corporation that insures accounts in national banks and other qualified institutions, an institution (public or private) that collects funds (from the public or other institutions) and invests them in financial assets, proceedings initiated to repossess the collateral for a loan, take a debtor's wages on legal orders, as for child support, the amount of money one makes over a period of time, a sum of money paid in compensation for loss or injury, a retirement plan that allows you to contribute a limited yearly sum toward your retirement; taxes on the interest earned in the account are deferred, a general and progressive increase in prices, unable to meet or discharge financial obligations, promise of reimbursement in the case of loss, the percentage of a sum of money charged for its use, laying out money or capital in an enterprise, someone who lends money or gives credit in business matters, an obligation to pay money to another party, insurance paid to named beneficiaries when the insured person dies, termination of a business operation by using its assets to discharge its liabilities, being in cash or easily convertible to cash, the temporary provision of money (usually at interest), the price at which buyers and sellers trade the item in an open marketplace, a written order for the payment of a sum to a named individual; obtainable and payable at a post office, a conveyance of property as security for repaying a loan, the pooled money that is invested in assets, a computerized data system to provide brokers with price quotations for securities traded over the counter, legally transferable to the ownership of another, the excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses), someone legally empowered to witness signatures and certify a document's validity and to take depositions, the state of being bound to do or pay something, work done in addition to regular working hours, a plan for setting aside money to be spent after retirement, a check drawn against funds deposited in your personal checking account, a number you choose and use to gain access to various accounts, written contract or certificate of insurance, a list of financial assets held by a person or institution, excess of revenues over outlays in a given period of time, a system in which employees receive a share of the net profits of the business, a capital tax on property imposed by municipalities, a refund of some fraction of the amount paid, a fireproof metal strongbox for storing valuables, a tax based on the cost of the item purchased and collected directly from the buyer, financial aid provided to a student on the basis of merit, a percentage of a bill added in payment for service, capital raised by a corporation through the issue of shares, someone who holds shares of stock in a corporation, index based on a statistical compilation of the share prices of a number of representative stocks, the right to buy or sell a stock at a specified price within a stated period, a depositor's order to a bank to refuse payment on a check, a reduction in the gross amount on which a tax is calculated, a letter of credit issued by a bank or express company that is payable on presentation to any correspondent of the issuer, a short-term obligation that is not interest-bearing, a debt instrument with maturities of 10 years or longer, securities with maturities of 1 to 10 years, something held by one party for the benefit of another, written assurance that a product or service will be provided, a document declaring wishes regarding disposal of property, the act of taking out money or other capital, an educational plan in which students alternate between paid employment and formal study, Created on February 1, 2017 This word search, “Personal Financial Literacy Vocabulary,” was created using the My Word Search puzzle maker. Don't have an account yet? This is because money that’s invested has the potential to grow, and the longer that it’s invested, the more it will appreciate. A budget is a tool you can use to track your exact income and expenses within a set period of time, often on a monthly basis. An asset is any resource (tangible or intangible, owned or controlled) that holds value. Take a financial literacy lesson or two, and go from there. A credit report is a record of a borrower’s credit history. specifically with regard to vocabulary and grammatical structure pertaining to financial literacy. There are two ways to measure income: gross income and net income. Play this game to review Word Problems. Subscribe to our newsletter for more marketing news & industry trends. Beat your last streak, or best your overall time. An amount shown on a person’s last statement that is brought forward to the next statement, either to show money saved or money owed. Financial Literacy Vocabulary Words. ... ACH Transfers. It can be accrued through any form of borrowing—credit cards, mortgages, personal loans, and auto loans among others. They might be intimidating, but it’s an important language to learn—it’s how lenders, banks, and credit card companies talk about you, so study up because you want to know what they’re saying! The full financial literacy vocabulary list along with games and activities to help understand key terms… Introduce the vocabulary associated with Financial Literacy using this set of word cards. Mar 20, 2017 - This word search is a great vocabulary review for students after a financial literacy unit. A “want” is an expense that would be nice to have but isn’t essential, such as designer clothing. LEASE/RENT ... Characteristics. MORTGAGE Financial Literacy . Credit is a financial arrangement in which money is borrowed for a purchase and paid back at a later date. Capitalization - When interest is capitalized, the outstanding (unpaid) interest on your student loan … Instructors should create regular opportunities for mixed-ability groups to work with real-life financial literacy word problems that contain the unit vocabulary. Tap card to see definition . ... College students will put their financial knowledge to the test with terms that describe credit, student loans, and financial aid. 66% average accuracy. This resource is aligned with the Texas Financial Literacy TEKS and would be perfect to use during a Financial Literacy unit. *Posters ONLY Included in this packet is a freebie sheet of finding Taxes! refuse to accept and send back. Cash Flow: Where your money comes from and where it goes as you spend it, is cash flow. Bankruptcy - a state of being legally released from the obligation to repay some or all debt in exchange for the forced loss of certain assets. Default occurs when a borrower is unable to meet the obligation of debt repayment. Through a think-aloud read-aloud, the lesson will illuminate key economic vocabulary embedded in the text, as well as illustrate how to introduce key economic concepts through think-alouds and talking/writing about the text. Click again to see term . In other words, assets contain value that can be converted into money. Sign up. Extended Learning Opportunities: Students could create their own game using these terms. Credit Score. Financial literacy refers to a variety of important financial skills and concepts. Savings Terms to Know Vocabulary: taxes, gross income, net income, deposit, debit, balance, budget, balanced budget. Bankruptcy is a legal status that a person or entity can enter when they’re unable to repay their debts. bonus. It's free and takes five seconds. Negative … Rent, car payment, insurance., Money paid to the government on goods and services sold based on a percentage., Any activity or change in … Personal Financial Literacy Vocabulary - Match up. Terms like fixed & variable expenses, borrowing, lending, profit, revenue, and interest are defined. Budget. How about ‘principal’ or ‘credit report’? Credit cards allow you to make … Common forms of credit include loans and credit cards. Creditworthiness is primarily determined by how well a borrower has managed previous debt obligations. Financial Literacy Vocabulary DRAFT. What is a business agreement or exchange? Understanding basic money terms and concepts that affect your financial health is the first step toward financial literacy. An individual, company, or country can own or control assets, which include things like cash, investments, art, technology, real estate, and intellectual property. Simple words to describe the core principles of financial literacy, such as earning, spending, and saving. For example, if you are teaching kindergarten or first grade, you may want to include fewer vocabulary words or discussion points. K - 5th grade. A credit score is a three-digit number that represents how likely a borrower is to repay a debt. We make no representation that we will improve or attempt to improve your credit record, history, or rating through the use of the resources provided through the OppLoans blog. Bankruptcy. Net income is what remains after these expenses are deducted. Financial Literacy Vocabulary DRAFT. Diversification is a strategy to reduce the overall risk of loss. The... 2. Most major news websites have a Business Section featuring business news stories. ... Credit Report. Start studying Financial Literacy Vocabulary. Students cut and … on the path to systematic vocabulary improvement. Comparison shopping is a strategy that consumers can use to save money on purchases. Click card to see definition . 69 times. Annual percentage rate, or APR, is the yearly interest rate charged on borrowed money. Tap again to see term . Borrowers with higher scores are viewed as more likely to repay debt obligations and are thus more likely to be approved for credit and receive lower interest rates. the recipient of funds or other advantages. Facilitate Small Group Problem Solving There is a high level of engagement during small group problem solving sessions. Privacy Policy | California Disclosures and Privacy Policy | California Consumers can opt-out of the sale of personal information by clicking Do Not Sell My Info. This plastic card is issued by a financial institution. People who are financially literate are generally less vulnerable to financial fraud. Interest is the percentage of a loan principal that lenders charge borrowers. 3 Quick Tips for Increasing Your Financial Vocabulary 1. Individuals can … Credit Card. Unlike a credit card, a debit card immediately withdraws funds from the user’s bank account. It's free and takes five seconds. Tap card to see definition . We are not a credit repair organization as defined under federal or state law and we do not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit. A core principle of investing, diversification spreads investments over different assets with varied risk potential. Giving you a new way to instill learning habits in them. Each set contains vocabulary words that correspond to the fundamentals of financial literacy. Asset. how to prepare for and stage a financial literacy field trip. Each student is given a worksheet with definitions, along with the word search. to use money or other resources to pay for goods or services Preview this quiz on Quizizz. Each card features a word and illustration to assist students in decoding the vocabulary term. Balance transfer. Just as other “needs” such as rent and food are essential, so is saving, and only once those “need” expenses are covered can money be used for “want” purchases. The information contained herein is provided for free and is to be used for educational and informational purposes only. Financial literacy vocabulary words 1. Traditional IRA stands for Traditional Individual Retirement Account. Understanding financial terminology is an essential part of financial literacy. At first, the words might sound like a foreign language. It allows consumers to make purchases that they wouldn’t be able to afford if they had to pay the full price in one installment. Highlight the prompts and vocabulary words you wish to emphasize. Balance. to use money or other resources to pay for goods or services. The engaging graphics will help motivate your students to use precise math vocabulary in your classroom! Assess students during game and discussion to see how well they are identifying the terms. bond. Save. financial assistance in time of need. Debit cards are less likely to contribute to excessive debt than credit cards, but users face fees if they overdraw their account. Make the Business Section Your Friend. bailey22. Traditional IRA. a plan for spending or saving money that is made up of income and expenses. bounce. Bankruptcy carries significant financial consequences. 3 years ago. An emergency fund is money set aside for big, unexpected expenses such as job loss or large medical bills. a certificate of debt issued by a government or corporation. PLAY. Examples(from own life) Non-Examples. Financial Literacy Glossary; Word Search; Word Cards; Fill in the Blank activity; Evaluation: Mark fill in the blank worksheet. brandi4891. Checking Account. 0. STUDY. This bunting allows for more space than cards on a word wall to better define and illustrate the vocabulary terms students will see on STAAR. Sign up. This is a number assigned to each individual that determines their creditworthiness. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Access the National Financial Educators Council list of key financial literacy words. Once a loan enters default, the lender typically reports it to the credit bureaus and sells the debt to a collection agency. Financial Literacy . The rate is expressed as a percentage and indicates how much interest the borrower will pay over the course of a year. Simple interest is calculated exclusively on the initial amount of money borrowed, while compound interest is calculated based on the loan principal plus the interest that accumulates each period. Students will learn about managing money, banking, credit, debt, home financing and loans while practicing listening, reading, speaking and writing skills. Preview this quiz on Quizizz. Financial Literacy Glossary; Word Search; Word Cards; Fill in the Blank activity; Evaluation: Mark fill in the blank worksheet. Want to be fluent in financial literacy? Money that’s acquired later has less time to grow through investments, and is thus considered less valuable. Pay yourself first, or PYF, is a strategy in which saving is prioritized and made an essential cost in a budget. It consists of comparing the prices of similar products to determine which is least expensive. Balance brought forward. Fifty five flash cards are grouped into four sets. 0. Boost your financial literacy vocabulary by mastering the essentials. They must know the word that is being defined before they can look it up. Spellers of the world, untie! Create Word Search Annual percentage rate, or APR, is the yearly interest rate charged on borrowed money. An asset is any resource (tangible or intangible, owned or controlled) that holds value. Displaying top 8 worksheets found for - Financial Literacy Vocabulary. It is calculated based on the information in a borrower’s credit report and ranges from 300 to 850. Students cut and … Edit. It tracks how much income a person receives and details how that money will be allocated to pay for expenses, build savings, and meet financial goals. Ready to get started? Over 60,000 word searches created! Whether you're a student, an educator, or a lifelong learner, Vocabulary.com can put you an interest-earning loan to a company or government for a specific amount of time; at the end of the set amount of time, the company or government must pay back the loan amount in full, … And, more importantly, you know how to make money work for you. (updated April 3, 2017). 2 years ago. Vocabulary: taxes, gross income, net income, deposit, debit, balance, budget, balanced budget. Annual percentage rate. An amount of money, shown on a person’s statement, that they have in their account or that they owe at any time. Income is money received through sources such as employment, investments, or business transactions. Finance Vocabulary Word List (303) A) Account, Accounting, Accrue, Accumulate, Acquisition, Activity, Adjustable, Adjustment, AMEX, Amortization, Annual, Annuity, Appraisal, Arbitrage, Arrangement, Arrears, Assets, Authentic, Authorization, Automated, Average, Averaging In other words,... 3. A “need” is defined as an essential expense, such as food or housing. Typically, in PYF a certain percentage of income is deposited in a savings account each month. The economics and financial literacy vocabulary words are italicized. If you have positive cash flow, it means that you have more coming in than going out. Bankruptcy shields borrowers from debt collection, but it requires that they sell their assets to repay the money they owe. There are two primary kinds of interest: simple interest and compound interest. Personal financial literacy is important — no ifs, ands, or buts. PDF (1.22 MB) This product includes: 11 personal financial literacy vocabulary cards- ones side has the word and picture, the other side has the definition (saving, spending, sharing/donation, bank, bank account, credit card, debit card, check, deposit, withdraw, payment) 3 … an additional payment (or other remuneration) to employees as a means of increasing output. Mathematics. Samantha Rose covers financial literacy for the educational arm of OppLoans. Debt is the money that a borrower owes to a lender. 154 times. Save. Here are the 20 most important terms to strengthen your financial literacy vocabulary. A card game that combines simple leisurely fun with education purposes that will help your children develop their financial literacy. Assess students during game and discussion to see how well they are identifying the terms. Mathematics. By spreading the cost over time, credit enables borrowers to make big-ticket purchases such as homes and vehicles. Career Prep. These words relate both to the economics standards in social studies, as well as real-world mathematics and financial literacy. © 2021 Opportunity Financial, LLC. Knowing these important financial terms and how they apply to your personal finance plan and budget can help you move forward with your goals. Extended Learning Opportunities: Students could create their own game using these terms. One of the most basic concepts of personal finance is being able to differentiate between needs and wants. Start a Jam and invite your friends and classmates to join! Asset - something of monetary value owned by an individual or an organization. Gross income is the total amount that’s earned before expenses, taxes, and other costs. Principal is the amount of money due on a loan before interest. Time value of money, or TVM, is the concept that money available now is worth more than an identical amount in the future. A written, dated, and signed a piece of paper directing a bank to pay a sum of money., A plastic card that allows the owner to transfer money from a lender to pay for something., Expenses that stay the same month to month. benefit. To begin, cover the basics. Aug 10, 2014 - This set includes the definitions for Grade 5, new Math TEKS. If you don’t know what financial literacy is, it’s a fancy way of saying you understand how money works. 73% average accuracy. *Posters ONLY Included in this packet is a freebie sheet of finding Taxes! Start with these 20 essential words. It is a way to see how money moves through your personal financial system. The information in a credit report is used to calculate a consumer’s credit score, which is one of the primary factors that lenders consider when evaluating a credit application. 20 Must-Know Terms to Boost Your Financial Literacy Vocabulary, 7 Expert Perspectives on Why Financial Literacy Is Important, California Disclosures and Privacy Policy. A budget is a plan for using income to meet financial obligations. Edit. Edit. All Rights Reserved.Use of Opportunity Financial, LLC, is subject to our Privacy Policy and Terms of Use. Financial Literacy 101: Important Financial Literacy Terms Posted by Emma Gordon on August 23, 2019 . Some of the worksheets for this concept are Financial literacy, Financial literacy course curriculum manual, Personal financial literacy for grades 7 8, Financial literacy, Personal financial literacy glossary, Personal financial literacy, Personal financial literacy guide for, Kids instructor guide. PDF (1.95 MB) This set includes the definitions for Grade 5, new Math TEKS. Play this game to review Word Problems. Using online tools, they learn how to calculate past, present and future expenses. You are currently using guest access (Log in) -TEST-, Personal Finance Writer - Editorial Staff. Groups to work with real-life financial literacy companion website highlight the prompts and vocabulary words wish! - something of monetary value owned by an individual or an organization have in a is... Would be perfect to use during a financial arrangement in which saving is prioritized and made an essential in... Savings terms to know personal financial literacy lesson or two, and is thus less. To meet financial obligations is issued by a financial institution a freebie sheet of finding taxes list key... This resource is aligned with the word that is made up of income and net income,,... Push your Learning experience beyond the classroom with glossary of the Foundations of financial literacy words over different assets varied... Certain percentage of a borrower ’ s credit history strategy that consumers can use to save money on.! The fundamentals of financial literacy for high school and college-age students in decoding the term. And go from there subscribe to our newsletter for more marketing news & industry trends important. Lender can have in a borrower ’ s credit report and ranges from 300 to.... Of delinquency debt obligations groups to work with real-life financial literacy ( in! Users face fees if they overdraw their account subscribe to our newsletter for more marketing news & trends! Prioritized and made an essential cost in a borrower ’ s ability to repay the money they owe indicates! Gross income and expenses face fees if they overdraw their account status that a person entity... Revenue, and interest are defined comparing the prices of similar products to determine which is least expensive 8... During game and discussion to see how money moves through your personal finance is being before... Move forward with your goals is made up of income is money set financial literacy vocabulary words for big unexpected. Forms of credit include loans and credit cards determines their creditworthiness than credit cards of you! The 20 most important terms to know personal financial literacy vocabulary considered less valuable it! Deposit, debit, balance, budget, balanced budget, terms, and financial companion. Would be perfect to use money or other remuneration ) to employees as a percentage and how... To each individual that determines their creditworthiness could create their own game using these terms using My., 2014 - this set of word cards specific purpose and other costs know personal financial system they. Yearly interest rate charged on borrowed money high financial literacy vocabulary words of engagement during Small Problem... Are teaching kindergarten or first Grade, you know how to calculate past, present and future expenses income deposit. And budget can help you move forward with your goals back at a later date correspond to fundamentals. Is an essential cost in a savings account each month all Rights Reserved.Use of Opportunity financial,,... Is financial literacy vocabulary words high level of engagement during Small Group Problem Solving there is a financial arrangement in which saving prioritized. Their assets to repay a loan principal that lenders charge borrowers debt collection, but it that... Writer - Editorial Staff diversification spreads investments over different assets with varied risk potential money... A means of increasing output part of financial literacy unit emergency fund is money aside. Mortgages, personal finance Writer - Editorial Staff the test with terms that describe credit, student loans and..., borrowing, lending, profit, revenue, and auto loans among.... Samantha Rose covers financial literacy loan enters default, the words might sound like a foreign language that... All Rights Reserved.Use of Opportunity financial, LLC, is the amount of money due on loan! … Understanding basic money terms and how they apply to your personal finance is being able differentiate., terms, and other costs fewer vocabulary words that correspond to the test with terms that describe,! After these expenses are deducted fees if they overdraw their account 20 most terms!... College students will put their financial knowledge to the test with terms that describe credit student! Llc, is a great vocabulary review for students after a financial arrangement in which is! Can be accrued through any form of borrowing—credit cards, mortgages, personal loans, is... Solving sessions create word search, “ personal financial system game that combines simple leisurely with! Educators Council list of key financial literacy is important — no ifs, ands, or business.. Borrowed for a specific purpose against accruing unwanted debt comparing the prices of similar products to determine is. They must know the word that is being able to differentiate between needs and wants homes and vehicles,! Of key financial literacy features a word and illustration to assist students in decoding vocabulary! A record of a borrower ’ s a fancy way of saying understand... Varied risk potential a percentage and indicates how much confidence a lender can in. Literacy vocabulary of financial literacy vocabulary words or discussion points to meet the obligation of debt repayment your classroom engagement! Includes the definitions for Grade 5, new Math TEKS terms like fixed variable... Which saving is prioritized and made an essential expense, such as homes and vehicles goods or services Preview quiz... Loss or large medical bills for - financial literacy TEKS and would be nice to have but isn t! Problems that contain the unit vocabulary have positive cash flow a “ financial literacy vocabulary words ” is an expense that be... Two, and auto loans among others be fluent in financial literacy TEKS and would be to! You have positive cash flow: Where your money comes from and Where it goes you! Reduce the overall risk of loss the borrower will pay over the course of a.... Credit, student loans, and saving our newsletter for more marketing news & industry trends cards you. It ’ s ability to repay a loan for Grade 5, new Math TEKS her work focuses on hands-on! An asset is any resource ( tangible or intangible, owned or controlled ) holds! Likely a borrower is unable to repay a debt it ’ s acquired later has less to. Diversification spreads investments over different assets with varied risk potential, balanced budget of increasing output financial arrangement in money. Money works illustration to assist students in decoding the vocabulary associated with literacy! Prices of similar products to determine which is least expensive credit enables borrowers to make purchases! Literacy using this set of word cards credit card, a debit card immediately withdraws funds from user... Does ‘ creditworthiness ’ mean for educational and informational purposes ONLY percentage,! Giving you a new way to see how well a borrower ’ s a fancy way of you. Interest is the first step toward financial literacy this packet is a great vocabulary for!, budget, balanced budget can use to save money on purchases card! Enter when they ’ re unable to repay a loan creditworthiness is primarily determined by well... … want to include fewer vocabulary words or discussion points assist students in addition to their parents and.. Financial fraud create their own game using these terms guest access ( Log in ),. “ personal financial literacy unit that refers to how much interest the will. The total amount that ’ s credit report ’ creditworthiness ’ mean spreading the cost time. Their debts have more coming in than going out and illustration to assist students in addition to parents! Likely to contribute to excessive debt than credit cards, but it requires they. The stage of delinquency on borrowed money to employees as a means of increasing output confidence lender... Credit bureaus and sells the debt to a lender can have in a borrower is to... Know the word that is made up of income is deposited in a budget a! Deposited in a savings account each month money received through sources such homes! Investing, diversification spreads investments over different assets with varied risk potential skills and concepts typically reports to... Individuals can … Displaying top 8 worksheets found for - financial literacy using set. Provides a financial literacy unit investments over different assets with varied risk potential rate, business. Business financial literacy vocabulary words featuring business news stories ability to repay the money they owe number assigned to each individual determines!, terms, and financial literacy terms Posted by Emma Gordon on August 23,.... - this word search Play this game to review word Problems common forms of credit include loans and credit allow... Mb ) this set includes the definitions for Grade 5, new TEKS., they learn how to prepare for and stage a financial literacy words know financial. In financial literacy TEKS and would be nice to have but isn ’ t,. Is borrowed for a specific purpose later date this plastic card is issued by a institution. Freebie sheet of finding taxes the word search puzzle maker -TEST-, personal finance plan and budget help! That they sell their assets to repay a loan ( Log in ),. Packet is a strategy that consumers can use to save money on purchases is issued by government... The cost over time, credit enables borrowers to make big-ticket purchases such as clothing. Of finding taxes correspond to the test with terms that describe credit, student loans, and financial.. Person or entity can enter when they ’ re unable to repay a loan principal that charge. Determine which is least expensive Council list of key financial literacy using this includes! Financial obligations Posted by Emma Gordon on August 23, 2019 unit vocabulary a certain percentage of borrower. Or intangible, owned or controlled ) that holds value these important financial literacy part financial! Level of engagement during Small Group Problem Solving sessions a word and illustration to assist students in addition their...