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Unit 5 Lesson 2 Vocabulary
Cash versus Credit
6
Finance
12th Grade
10/26/2012
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Term
Currency
 Definition
bills and coins that we spend for purchases
Term
PIN
 Definition
personal identification number
Term
Security
 Definition
the ability to keep your money and your identity safe
Term
Identify theft
 Definition
occurs when someone uses your personal information to create credit accounts.
Term
Fees
 Definition
charges from a bank or lender for services such as a checking account
Term
Overdraft
 Definition
occurs when money is withdrawn from a bank account and there are not sufficient funds in the account to cover the payment
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