Dollars & Sense Vocab

2. When you remove money from your bank account.
4. Free Application for Federal Student Aid.
7. A written promise of money to be paid from your checking account.
8. Expected Family Contribution.
10. The amount of money in your bank account.
11. A fixed amount of money paid regularly for services or a job done.
12. Student Aid Report.
14. A plan for the coordination of resources and expenses. The amount of money that is available for, required for, or assigned purpose.
16. A bank account used for saving money.
18. Someone who buys things.

1. An agreement between you and a lender that gives the lender the right to take your property if you fail to repay the money you've borrowed plus interest. Mortgage loans are used to buy a home or to borrow money against the value of a home you already own.
3. A card where you borrow money that you’ll owe later.
5. The government owns/operates most businesses.
6. When something is important to you.
7. A banking reporting agency that collects information about your previous banking history.
9. Things that you don’t need, but that you’d like to have.
13. Stands for Federal Deposit Insurance Corp. It is an independent federal agency insuring deposits to U.S. banks and thrifts in the event of bank failures.
15. The government owns the land and almost all industries.
17. A charge for borrowed money generally a percentage of the amount borrowed.