Vocabulary Flashcards


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Robotics
updated 1 year ago by 1560904
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1

Bonds

Bonds are agreements to lend money to companies or the government. They agree to pay you back by a certain date, with higher interest than savings account.

2

Borrow

To use something else with the promise of returning it.

3

Budget

A plan for using your money over a set period of time. It helps you keep track of what you earn, spend, and save.

4

Career

A type of job you do for a long time and may require some education, training, or experience related to it.

5

Cash

Money that is available and ready to use like bills and coins.

6

Certificate of Deposit

A savings certificate that gains interest and has a set time before you can withdraw your money (if you take your money out early, you will likely be charged a fee.)

7

Charity

Giving resources or volunteering time to help those in need.

8

Comparison Shopping

Finding out whether or not what you are about to buy can be found for a better price or in better shape at a different store.

9

Compound interest

Money that a financial institution pays you to borrow your money. It is calculated by multiplying the percentage rate times your balance (or total account) plus any interest you have already earned.

10

Credit

When you borrow money and promise to pay it back later.

11

Credit history

A record of how you pay back the money you borrow.

12

Dept

Money that you have to pay back later.

13

Goal

Something you want to achieve. When you have a goal, then you can plan steps to achieve it. There are short-term, medium-term, and long-term goal that take different amounts of time to achieve.

14

Gross income

The full amount you earned.

15

Insurance

Helps pay for emergencies. You pay little money set at times. Then, if you have an emergency, insurance will help pay for it! You can get insurance for your home, your health, your car, and more.

16

Interest (on an account)

Money that a financial institution pays you to borrow your money. It is calculated as a percentage of the amount of money in your account.

17

Interests (for a job)

The topics or types of things that you enjoy learning about or spending your time doing.

18

Investments

Savings options, like stocks or bonds, that can make your money grow faster than a savings account. But you might not be able to take out your money anytime you want. And with some investments, you could lose money.

19

Job

Work you do for money.

20

Limited means

Not having enough money to buy everything you want.

21

Need

Things you must have in order to survive like food, shelter, and safety.

22

Net income

The amount you take home after paying taxes and anything else that gets taken out of your pay.

23

Opportunity coat

What you give up in order to get something else.

24

Overtime

Working extra hours make get extra money.

25

Paycheck

It is payday and Cece just received her paycheck. What should she do with the money?

26

Prioritizing

When you put things in order of how much they matter.

27

Reliable

A quality that means that something or someone can be trusted to do something that has been agreed upon.

28

Risk

An activity or action that might be dangerous.

29

Salary

Payment for a year's worth of work that is divided into equal portions that are paid to you with each paycheck.

30

Savings account

An account at a financial institution that gains interest and allows withdraws.

31

Simple interest

Money that a financial institution pays you to borrow your money. It is calculated by multiplying your percentage rate times your balance (or total amount in your account).

32

Skills

Things that you are able to do like for a job or hobby.

33

Spending

Using money to buy stuff.

34

Stocks

A share in ownership of a company. A company sells stock to raise money. If the company does well, the value of the stock may increase.

35

Taxes

Money that goes to the government to pay for things like schools, road repairs, and police and fire services.

36

Track your spending

To look at what you've done with your money over a period of time.

37

Wage

Payment for the work you do. It can be an amount for each hour you work or based on completing a task.

38

Wants

Things you'd like to have, but aren't needed to survive.