Savings and Investing
The benefit or return gained from an investment
What is a reward?
This tax is added to the price of goods at the time of purchase.
What is sales tax?
The amount of money currently in your bank account
What is balance?
A payment card issued to users that allows them to pay for goods and services based on their promise to pay
What is a credit card?
Setting specific, measurable targets for your career and education to guide your choices.
What are goals?
This term refers to the loss of value of an investment due to market conditions.
What are market losses?
This is the annual tax paid on real or personal property.
What is property tax?
A record that allows you to track checks written, deposits, and withdrawals
What is a check register?
A personal loan taken out to help pay for university, tuition, and books, often with very low interest rates
What is a student loan?
An educational institution that offers two-year degree programs and is often more affordable than universities.
What is a community college?
This type of account is issued by a bank for a fixed period with a penalty for early withdrawal?
What is a certificate of deposit (CD)?
This federal agency collects tax money in the United States.
What is the Internal Revenue Service (IRS)?
The bank's accounting of your transactions, sent monthly.
What is a bank statement?
The borrower gives the lender their automobile title in exchange for a set amount of cash.
What is a title loan?
Financial aid that does NOT need to be repaid because it's based on financial need or merit.
What is a grant or scholarship?
The term for interest earned on both the original amount and the interest previously earned?
What is compound interest?
This tax is levied on income such as wages, salaries, dividends, and interest.
What is income tax?
A cash card allowing you to withdraw money or pay for purchases from your account.
What is a debit card?
A numerical expression based on analysis of a person's credit files to represent their creditworthiness.
What is a credit score?
A professional pathway where you work under a licensed mentor to learn a specialized skill over several years.
What is an apprenticeship?
This measure describes how quickly a financial instrument can be converted to cash without loss of value.
What is Liquidity?
This tax helps fund retirement and disability benefits and is paid by both employers and employees.
What is Social Security tax?
An online process allowing you to send money directly from your checking account via email or cell phone
What is person-to-person payment?
Security pledged for the payment of a loan,
What is collateral?
A four-year institution that offers Bachelor's degrees and often provides research opportunities and higher earning potential.
What is a university or four-year college?