| A | B |
|---|
| Annually | yearly |
| certificate of deposit (CD) | a type of time-deposit savings account for a fixed amount of money with a higher fixed interest rate than most other savings accounts |
| collateral | property of cash offered by a borrower as a guarantee that a loan will be repaid |
| compound interest | interest earned on the deposit and on all previously earned interest |
| credit | the promise to pay later for the purchanse of goods or services without the actual transfer of money |
| financial institutions | banks, credit unions, savings and loans, and other organizations that offer services related to saving and borrowing money |
| money-market account | a savings account that requires a large minimum deposit |
| principal | in a loan, the orginal amount of money borrowed |
| time-deposit account | a savings account that requires money to be left in the account for a certain period of time |
| withdraw | to take out |
