Name:

Date: a

Beneficiary

k Financial Planning

b

Brokerage firm

l Income and Expense Statement

c

Certificate of Deposit

m Inflation

d

Checking account

n Interest

e

Compound Interest

o Late payment fee

f

Commission

p Mobile banking

g

Co‐signer

q Net gain

h

Credit history

r Over‐the‐limit fee

i

Credit Union

s Penalty APR

j

Expense

t Returned Payment Fee

1

Someone who receives insurance money if the insured person dies

2

4

Facilitates the buying and selling of investments from a stock exchange An account at a depository institution that is used for a fixed period of time and allows restricted access to the funds deposited An account that allows quick access to funds for transactions

5

Earning interest on interest

6

A fee that a salesperson receives upon completion of a sale

7

A person who is equally responsible for paying back debt under the credit terms

8

A record of the borrower’s past loans and credit‐related transactions

9

Depository institutions that offer many banking services and are owned by their customers

10

Money spent

11

13

Managing money continuously through life in order to reach your financial goals. Lists and summarizes income and expense transactions that have taken place over a specific period of time, usually a month or year The rise in the general level of prices

14

The price paid for using someone else’s money

15

Fee charged when a credit card holder does not make the minimum monthly payment by the due date

16

Apps that allow online banking access from devices such as smartphones, tablets and other mobile devices

17

When income is greater than expenses

18

Fee charged if the credit card account balance goes over the set credit limit

19

The interest rate charged on new transactions if the penalty terms in the credit card contract are triggered Fee charged if the cardholder makes a payment but does not have enough money in that account to cover the payment

3

12

20