Matching Pairs Finanacial Literacy VocabularyOnline version Student will match their vocabulary term with the definition. by Jennifer Tuttle 1 Sinking Fund 2 Debt 3 Consumer 4 Compound interest 5 Emergency Fund 6 Loan 7 Interest rate 8 Interest 9 Credit Interest paid on interest previously earned; credited daily, monthly, quarterly or semiannually. 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. 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. Five hundred dollars in readily available cash to be used only in the event of an emergency. 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). Person or organization that uses a product or a service. Granting of a loan and the creation of debt; this will include any for of deferred (delayed) payment. Saving money over time for large purchases.
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