| A | B |
|---|
| asset | property owned by an individual that has some value (ex. house, car, land, stocks, bonds) |
| debit | when money is taken out of a bank account |
| credit | an amount of money that is borrowed and will be repaid with interest |
| default | occurs when a borrower is unable or unwilling to repay a debt |
| depreciating | decreasing in value over time, |
| appreciating | increasing in value over time |
| direct deposit | An automatic payment into your bank account without having to take a physical check to the bank. |
| interest | An amount charged for the use of money or for borrowing money |
| mutual funds | A pool of money from many investors that is used to buy different stocks and bonds |
| principal | The original amount of a loan (not including the interest that will be added to it). |
| subsidized student loan | a type of federal student loan on which the government pays the interest that accrues while a student is in school |
| unsubsidized student loan | a type of student loan that will start accruing interest from the time the loan is taken out |
| accruing | increasing or growing over a period of time |
| associate's degree | A degree granted after two years of study, often by a community or junior college |
| bachelor's degree | A degree awarded by a college or university for completing undergraduate studies, typically a 4 year program. |
