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Saving Money

Terms in this set (18)

wisdom
(n) knowledge
recognized
(adj.) popular
a savings account
(n) a place in a bank where you put away money
a credit union
(n) a type of a bank created by people who belong to the same group
a cooperative
(n) a group of people working together
a member
(n) a person in a group
an agency
(n) organization or company
non-profit
(adj.) not making money
interest
(n) the money that you pay each month on money you borrowed (from a bank)
returns
(n) the money you make on an investment
to withdraw
(v) to take money out of a bank account
a holder
(n) owner
a penalty
(n) the money you have to pay for breaking rules
money market fund
(n) invests money from a group pf people
to invest
(v) to buy something to make money
a guarantee
(n) a promise that keeps your investment or money safe
federal
(adj.) from the central government
household income
(n) the money that everybody in one house make
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