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Vault Vocab.
Vocabulary Words used in http://vault.everfi.net
| Word | Answer |
|---|---|
| Assets | What a person ows of value,such as jewlery,savings,art,a home, and a car. |
| Bank | A place where people put their money for safekeeping,and for ease of use |
| Brokerage Firm | Helps people invest their money |
| Career | Something you build by going to school and working jobs related to the career you want. |
| Certificate of deposit | a savings certificate that gains interest and has a set time before you can withdraw money |
| Charity | giving resouces or vlunteering time to help those in need |
| Comparison Shopping | finding about wheather or not what you are about to buy can be found for a better price or in better shape at a different store |
| Controlling Risks | stuff you do to make risks less dangerous at all |
| Credit | a loan a person uses to pay things off,but expected to pay back |
| credit Union | Just like a bank,but only members use it. |
| Decision Making | considering different information to make a choice |
| Entrepreneur | A person who starts her or her own business |
| Expense | A cost of things that people spend money on |
| Financial Advisor | QA person who is an expert at handling money and can give you information and adivice about saving and investing |
| Finacail Instutution | a place, like a bank, that helps its members manage their money |
| finacal Literacy | The knowlage and sills to manage money |
| Health insurence | Helps people pay rfor medicine and doctors when their sick or hurt |
| Impulse buying | buyingstuff about not thinking about wheather or not you need it |
| Income | money earned from working and other means |
| Income tax | annual tax placed on th money of employees make at jobs and collected by the federal government, most states, and some local government |
| inflation | the price of goods and se4rvices over time |
| Interset | The extra fee charged to borrowing money, or the cost of borrowing money |
| Investing | when you purchase a sercuritey like a stock or a bond,in the hopes that over time you will make money |
| Job | work you do for money |
| long-Term Goal | A goal that can be achived over a longer amount of time. It can be months, years,or even an entire lifetime |
| Need | Something you can truly live without |
| Oppertunity Cost | The cost we paywhen we give up something to get something else |
| Payment method | What you use to pay for something, like cash or a check |
| peer Presure | doing srtuff your friends are doing it, because your friends told you to. |
| Privacy | Keeping important information to yourself or between yourself or close family members. |
| Reliability | being trustworthy; being responsible |
| Risk | An activity or action that might be dangerous |
| Risk Prevension | Stuff you do to stop consequences of risks from happening |
| Salary | payment for work, represented as a yearly sum and paid in portions every week, two weeks, or a month ikncluding sicktime and vacation time |
| Sales tax | a fee added to the sticker price of an item that is paid to the state or city |
| Savings | Money set aside for long-term or short-term goals |
| Short-Term goals | a goal that can be achived in a short amount of time. It can be in days, weeks, or months |
| Spend | to use money to buy stuff |
| Savings Account | an account that gains interest and allows withdraws |
| Taxes | fees placed on income, purchases, or property to support gorvernment programs |
| Wage | payment for work, usually calculated on an hourly,daily, or piecework basis and paid on schedule-usually every week, two weeks, or month |
| Want | Something that you would like to have but will be okay without |
Created by:
Emma-Howard
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