Unit 5: Financial Literacy Vocabulary

This set contains vocabulary flashcards covering essential financial literacy terms with definitions to help with understanding key concepts.

Assets

Things you own that have value, like money, a car, or a house.

Budget

A plan for how to spend and save your money.

Credit Score

A number that shows how good you are at paying back money you borrow.

Delayed Gratification

Waiting to get something you want so you can have something better later.

Depreciation

When something you own loses value over time, like a car getting older.

Dividend

Money paid to you if you own a share of a company's stock.

Fraud

Lying or cheating to steal money or gain something unfairly.

Gross Income

The total amount of money you earn before any taxes or deductions.

Interest

Extra money you pay when you borrow money

Social Security

A government program that gives money to people who are retired or can't work.

Stocks

Pieces of ownership in a company that you can buy or sell.