Financial Literacy Terms

2. something you are responsible for, especially a debt or financial obligation
5. a plan to show how much money a person or organization will earn and how much they will need or be able to spend
7. the money that you keep in an account in a bank or similar financial organization
8. something you own
12. a method of paying for goods or services at a later time, usually paying interest as well as the original money
13. the act of putting money or effort into something to make a profit or achieve a result
15. the money earned by an employee, esp. when paid for the hours worked

1. an amount of money that is borrowed, often from a bank, and has to be paid back, usually together with an extra amount of money that you have to pay as a charge for borrowing
3. the agreement in which you pay a company money and the company pays the cost if you have an accident, injury, or loss
4. money paid to the government that is based on your income or the cost of goods or services you have bought
6. a fixed amount of money agreed every year as pay for an employee
9. part of the ownership of a company that can be bought by members of the public
10. the act of giving money for goods and services
11. the process of putting money into different types investments
14. money that is charged by a bank or other financial organization for borrowing money