Finance Vocabulary - PowerPoint PPT Presentation

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Finance Vocabulary

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A person who takes responsibility for an agreement (loan) if the person who takes the loan fails to pay on time. 6. Co-Signer – PowerPoint PPT presentation

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Title: Finance Vocabulary


1
Finance Vocabulary
2
1. Account
  • A holding place for money at a bank.

3
2. Balance
  • The amount available to spend in an account.

4
3. Bank
  • An institution for saving, borrowing and
    investing money.

5
4. Budget
  • Dividing available money into spending categories.

6
5. Checking Account
  • A bank account that allows you to write checks
    and is attached to a debit card.

7
6. Co-Signer
  • A person who takes responsibility for an
    agreement (loan) if the person who takes the loan
    fails to pay on time.

8
7. Credit
  • Buying goods on time and paying the money back
    with interest.

9
8. Credit Report
  • An official document that describes a persons
    credit history and ability to pay back loans on
    time.

10
9. Credit Score
  • A number made up of several factors that tells
    how credit-worthy (reliable) a borrower is.

11
10. debt
  • An amount of money or goods a person owes

12
11. Debit
  • A card linked to a checking account that can be
    used in stores.

13
12. Expenses
  • Amounts that need to be paid for month to month
    living.

14
13. Interest
  • The amount charged for borrowing money over time.

15
14. Investment
  • To accumulate money in order to make profit.

16
15. Lease
  • To borrow goods (housing, cars, etc) for a
    specific amount of time by contract.

17
16. Loan
  • Borrowing money to be paid back with interest
    over time.

18
17. Mortgage
  • A loan on a house.

19
18. Occupation
  • A job

20
19. Paycheck/Payroll
  • Money paid for performing work at a business.

21
20. Payment
  • To provide money to lower personal debts.

22
21. Pending
  • A payment that has been made but has not been
    fully processed by the bank.

23
22. Principle
  • The original amount of money borrowed before
    interest is added.

24
23. SALARY
  • A REGULATED PAY THAT STAYS THE SAME EVERY PAY
    PERIOD REGARDLESS OF HOURS WORKED.

25
24. Savings Account
  • A bank account that draws interest over time.

26
25. Transaction
  • A purchase at a store.
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