Matching Pairs Finanacial Literacy VocabularyOnline version Student will match their vocabulary term with the definition. by Jennifer Tuttle 1 Compound interest 2 Emergency Fund 3 Consumer 4 Sinking Fund 5 Interest 6 Interest rate 7 Debt 8 Credit 9 Loan 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. 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. Percentage paid to a lender for the use of borrowed money (in debt) or percentage earned on invested principal (in investing). 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. 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. Saving money over time for large purchases. Five hundred dollars in readily available cash to be used only in the event of an emergency.
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