Financial Terms -- Pairs Assignment
Pair up with a classmate to write a definition or explanation for each term in your own words. DO NOT copy and paste the definition from the Internet. Use the Internet to help you find the definitions, but write the definitions/explanations in your own words. Make sure your partner also understands the definition. In some cases, you may want to add an example to help illustrate the definition.
One of you will need to create the "Financial Terms" document and share it with the other. Again, make sure the file is placed into your folder, so I can see your work.
After you have finished this, test your knowledge by playing Visa's Financial Soccer. A link can be found at the bottom of this page.
Banking
withdrawal
deposit
Saving Account
Chequing Account
debit card
credit card
prepaid credit card
PIN
Savings and Loans
Interest
Interest rate (APR)
rate of return
Investment
Principal
simple interest calculation
Compound Interest
Compound period
term of an investment/loan
mortgage
collateral
lien
Personal Financial Management
budget
gross income
net income
discretionary spending
fixed expenses
variable expenses
income taxes
savings
credit
debt: good debt / bad debt
need vs want (consumerism)
bankruptcy
identity theft
commission
commission rate
Investment vehicles
RESP
RRSP
TFSA
Stocks
CSB
GIC
mutual fund
Equity vs fixed income
risk / reward trade off
Liquidity
management fee
financial service
surcharge
TSE /TMS /TMX
Credit Cards
debt / debt load
Credit
prepaid credit card
Late fees
credit score
Business
Profit
Sales (or Revenue)
Unit Cost
Unit Price
assets
liabilities
expense(s)
Corporate Ownership
share (or stock)
Market value
equity
Dividend
Corporation
financial statements:
One of you will need to create the "Financial Terms" document and share it with the other. Again, make sure the file is placed into your folder, so I can see your work.
After you have finished this, test your knowledge by playing Visa's Financial Soccer. A link can be found at the bottom of this page.
Banking
withdrawal
deposit
Saving Account
Chequing Account
debit card
credit card
prepaid credit card
PIN
Savings and Loans
Interest
Interest rate (APR)
rate of return
Investment
Principal
simple interest calculation
Compound Interest
Compound period
term of an investment/loan
mortgage
collateral
lien
Personal Financial Management
budget
gross income
net income
discretionary spending
fixed expenses
variable expenses
income taxes
savings
credit
debt: good debt / bad debt
need vs want (consumerism)
bankruptcy
identity theft
commission
commission rate
Investment vehicles
RESP
RRSP
TFSA
Stocks
CSB
GIC
mutual fund
Equity vs fixed income
risk / reward trade off
Liquidity
management fee
financial service
surcharge
TSE /TMS /TMX
Credit Cards
debt / debt load
Credit
prepaid credit card
Late fees
credit score
Business
Profit
Sales (or Revenue)
Unit Cost
Unit Price
assets
liabilities
expense(s)
Corporate Ownership
share (or stock)
Market value
equity
Dividend
Corporation
financial statements:
- balance sheet
- income statements