Module Resources

The purpose of this glossary is to organize resources throughout all modules.

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SPENDING 1

A piece of paper that you write out to indicate how much you want to pay someone.

A deposit account held at a financial institution that allows withdrawals and deposits.

A consumer credit reporting agency that provides data related to how a
consumer has handled deposit accounts.

Interest earned on the original investment, plus interest earned on interest added to the investment.

Not-for-profit cooperative financial institutions owned and controlled by their members.

A plastic card that has the VISA or Mastercard logo and electronically withdrawals funds from a checking account.

Money that you add to your account.

Electronically depositing funds into an account.

Provides deposit insurance for protection for money in your bank account.

In order to make money, a bank or credit union may charge more than just interest.

Financial Beginnings