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Credit or Debit Vocabulary
Know It All Savings
Short, Mid or Long Term Goals
100
Known as PYF
What is Pay Fourself First
100
A professionally managed investment with money pooled from shareholders to buy a collection of stocks or bonds
What is a Mutual Fund
100
Graduate from college
What is Short-Term
200
To commit money to gain profit
What is Invest
200
interest-earning accounts offered by FDIC-insured financial institutions
What is Money Market Accounts
200
Become married
What is Mid-Term
300
A fee received or paid for the use of money
What is Interest
300
essentially an IOU
What is Bonds
300
Own and operate your own business.
What is Long-Term
400
The next best alternative given up when making a financial choice
What is Opportunity Cost
400
represents a fractional ownership in a company
What is Stocks
400
Pursue a certain degree
What is Mid-Term
500
An IOU issued by a company or the federal government in exchanged for a loan from an investor that will be repaid
What is Bond
500
Carry low risk because most bank and credit union accounts are issued by the government for up to $250,000 per savings account
What is Savings Accounts Certificates of Deposit
500
Complete 100 volunteer hours
What is Short-Term