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Finance Vocabulary
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Published on Nov 19, 2015
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1.
Finance Vocabulary
2.
Money
Something that is used to purchase goods or other services.
Photo by
Great Beyond
3.
Credit Unions
Non-profit money making company where the workers can borrow from deposits.
Photo by
Philip Taylor PT
4.
Commercial Banks
A bank that offers its services to the public.
Photo by
exacq
5.
FDIC
Federal Deposit Insurance Corporation
Photo by
afagen
6.
Central Bank
The main bank that manages the state's money supply.
Photo by
epSos.de
7.
Checking Accounts
A bank account where money can be taken from and put in.
Photo by
kenteegardin
8.
Savings
Money that is put away and not being used.
Photo by
kenteegardin
9.
CD's (Certificate of Deposit
A receipt showing the amount of money deposited.
Photo by
vxla
10.
Interest
Amount of money being paid back after being borrowed.
Photo by
mynameisharsha
11.
Disposable Income
The amount of income left after taxes, based on a person's wants.
Photo by
Stacy Herbert
12.
Discretionary Income
Income left after removing taxes. Based on a person's needs.
Photo by
marsmet527
13.
Expenses
The money/cost of something.
Photo by
mynameisharsha
14.
Credit
Borrowing someone else's money with the motive to pay them back.
Photo by
Cola21
15.
APR (Annual Percentage Rate)
Greater measure of cost of money when borrowing it.
Photo by
mynameisharsha
16.
Bankruptcy
When someone goes broke from not being able to pay back debts.
Photo by
eric731
17.
Insurance
Something providing protection.
Photo by
Chiot's Run
18.
Investing
Gaining more money from a profit or bond.
Photo by
Tax Credits
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