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