Financial Literacy Review

Occurring or returning once a year; happens yearly

The amount of funds available in an account

A cooperative group that is like a private bank making loans to it's members at lower rates of interest.

The recording or entry made of a debt in an account.

The ability to borrow or to buy goods and services with payment at a later time.

A plastic item that identifies a person as entitled to have food, merchandise or anything purchased in person or online, later billed on a charge account.

The act of lending; temporary use of something with the promise of returning the balance in full.

The original amount of money being borrowed or lent to an individual.

The price paid for borrowing money for a load or on credit.

The percentage of the value of a balance or debt that one pays or is paid each time period (monthly).