Matching Pairs Finanacial Literacy VocabularyOnline version Student will match their vocabulary term with the definition. by Jennifer Tuttle 1 Credit 2 Interest 3 Sinking Fund 4 Consumer 5 Emergency Fund 6 Interest rate 7 Compound interest 8 Loan 9 Debt Granting of a loan and the creation of debt; this will include any for of deferred (delayed) payment. A fee paid by a borrower to the lender for the use of borrowed money; typically interest is calculated as a percentage of the principal. Saving money over time for large purchases. An obligation (agreement) of repayment owed by one party (person who borrowed the money) to a second party (person or business who loaned the money). Can include interest on the money borrowed. Interest paid on interest previously earned; credited daily, monthly, quarterly or semiannually. A debt evidenced by a "note" (legal piece of paper) which specifies the principal amount (amount you borrowed), interest rate (rate applied as a fee for the service of you borrowing the money), and date of repayment. Percentage paid to a lender for the use of borrowed money (in debt) or percentage earned on invested principal (in investing). Five hundred dollars in readily available cash to be used only in the event of an emergency. Person or organization that uses a product or a service.
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