Credit
A number between 300-900 that shows how likely you are to pay back a loan based on your credit history.
What is a credit score?
This type of investment represents ownership in the company and gives very prominent stakeholders voting rights.
What is a stock?
A government loan to help pay tuition and other costs.
What is a student loan?
Information about who you've borrowed money from and how long it takes you to pay it back
What is credit history?
The code you use at bank machines or when paying for something at a store
What is a PIN?
When someone steals your credit card or personal information and uses the card without your permission.
What is a credit fraud?
This is the term for a company's regular payment to its shareholders, often derived from its profits, and is known for stable earnings.
What is a dividend?
A fee someone pays when they borrow money
What is interest?
A short-term loan from a cash store
What is a payday loan?
A person who can help when you're having trouble managing your debt
What is a credit counsellor?
A pre-approved loan that lets you borrow money when you need it.
What is a line of credit?
A type of account that allows employees to contribute a portion of their paycheck to an individual account, with tax benefits and their employer may match this money.
What is a 401k?
You rent an item for a period of time but don't own it.
What is a lease?
A bank route is a unique 9-digit code that identifies a specific financial institution in the USA. It is used to direct funds from banks accurately.
What is a routing number?
A way to withdraw more money than you have in your bank account
What is overdraft?
My mom has a card that can be used at a specific retailer or group of stores. It functions similarly to general-purpose credit cards but can only be used at certain businesses. Its offers perks like discounts, bonus coupons, or promotional financing.
What is a retail credit card?
This index measures the performance of 30 major companies and is one of the most well-known stock market indicators.
What is the Dow Jones Industrial Average?
A schedule for paying back your debt
What is a payment plan?
This term refers to an initial offering to the public, where a company offers shares to the public for the first time.
What is an IPO?
Rule for separating your needs, wants, and savings.
What is the 50/30/20?
The person or business lending you money
What is a creditor?
If Dow invests $200 in Wawa's stock, what will his stock portfolio be in two years if the stock goes up by 20% per year?
What is Wawa is not publicly traded?
The interest rate that's charged on a loan each year
What is APR (annual percentage rate)?
This U.S. agency insures deposits in banks and thrifts, protecting consumers' money in case of a bank failure.
What is the Federal Deposit Insurance Corporation?
In 1929, the stock market crashed on Wall Street, marking the beginning of a significant economic downturn.
What is Black Tuesday?