| A | B |
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| Thrifts | Depository institutions that include savings and loans, savings banks, and credit unions. They specialize in savings accounts and real estate financing. |
| Pensions | Financial providers that specialize in the gathering of payments into retirement funds, and investing those payments so that they may accumulate to an amount that provides enough income at retirement. |
| Mutual Funds | Investment companies that combine the money from a large group of investors to buy stock and other investments. |
| Financial Intermediary | An institution that acts as a service for both those who have extra money to save or lend and channels it to those who wish to invest or borrow. |
| Capital | A term used to define the financial resources that are used to make money, which can then take the form of equity or debt. |
| Risk | Degree of uncertainty of return on an asset |
| Financial Service Industry | Financial institutions that help consumers, businesses, and government manage money. |
| Financial Literacy | The ability of individuals to make appropriate decisions in managing their personal finances |
| Financial Advisor | A professional who provides financial planning and advice on financial matters. |
| Finance | The science or study of the management of money, credit, banking, and investments. |
| Federal Deposit Insurance Corporation (FDIC) | An agency of the United States that promotes public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions for at least $250,000. |
| Insurance | A financial institution that protects persons against the risk of financial loss. |
| Opportunity Cost | The next-best alternative that must be given up to obtain something else. |
| Commercial Banks | A depository institution where one can keep and borrow money and take care of financial affairs. |
| Credit Unions | A cooperative nonprofit financial institution that is privately owned and controlled by its members. It provides depository and lending services to its members called share accounts. |
| Time Value of Money | Money’s potential to grow in value over time; the relationship between time, money, a rate of return, and earnings growth. |
| Simple Interest | The amount of interest based on a principal amount and not on earned interest. I=PRT |
| Compound Interest | Interest earned on both the principal amount and any interest already earned. |
| National Credit Union Administration (NCUA) | An independent federal agency that serves to supervise and regulate federal credit unions. It also provides account insurance for many state-chartered credit unions through the National Credit Union Share Insurance Fund. |
