Lesson 1:

• Take-Home Pay: The total income an individual has subtracting taxes and other deductions. 

• Interest: The amount of money you pay for a certain amount of time, resulting from the amount you borrowed.

• Depository/Non-depository banks: Depository banks allow a user to deposit (put) money into it; while a non-depository bank doesn't accept deposits (ex: Insurance/finance companies).

• Federal/Non-Federal Banks: Non federal banks, including commercial banks, and industrial banks, are not members of the Federal Reserve system, while federal banks are (federal banks are NOT commercial/industrial banks).

• Deposit: The act of placing cash in a financial institution, such as a bank. 

• Withdraw: To take out cash belonging to you held in a financial institution.

• Borrower: A person or organization that gets a loan from a financial institution, under the agreement that they will pay the principle amount (plus interest) after a certain amount of time. 

• Income: Money received from work, or through investments. 

Lesson 2:​

• Social Security: A program in the United States that allows qualified citizens and their families, advantages such as retirement benefits and disability income

• Government issued ID: contains your social security number, a photo of yourself, your address, your birthday, and more information that further proves your identity. 

• Driver's license: A document giving permission for someone to drive. 

• State ID: State ID's (which you can acquire at any age) carry information regarding your identity, but do not permit one to drive a motorized vehicle. 

• Minimum Balance: Minimum balance is the minimum amount of money one needs in order to retain the ability for them to have a bank account, receive interest, and receive other benefits. 

• Government-backed mortgages: Mortgages that are insured, or covered (fully or partially) by the government. 

• Remortgage/Refinance: A strategy involving a borrower replacing their current loan with another loan that has better terms.

• Gross Monthly Income: The total amount of money you receive from anything, per month. This money is the accumulation of all sources that generate money per month. 

Lesson 3:

• Settlement day: The day in which a trade between a buyer and seller is final, and the buyer must pay the exact amount of money for the product they are purchasing. 

• Broker: A broker is an individual or company that acts as an intermediary (or third-party) between a buyer and seller 

• Inflation: The increase in the price of goods and services in an economy.

• Liquidity: The ability for an asset (like gold or silver) to be converted into cash. High liquidity means that an asset can be converted into cash with ease; while low liquidity means an asset can be converted into cash with difficulty. 

• Hyperinflation: Hyperinflation is exactly what is sounds like-inflation at a rapid rate. Hyperinflation is when the price of goods and services increase 50% or more every single month! 

• Leverage ETFs: A leveraged ETF seeks to produce double or triple the returns than a regular ETF, but can also amplify short term losses too.

• Inverse ETFs: ETFs designed to produce returns opposite to their benchmarks 

• Wire Transfer: Electronic transfers of funds from one person or business to another. 

• Stock Certificates: A physical piece of paper that represents an investor's ownership in a company. 

• Mining (crypto): Mining is the process cryptocurrencies use to generate crypto coins and verify transactions. 

• Digital Assets: Anything existing in digital form that has potential to create value. 

• Means of Exchange: An intermediary that facilitates transactions between parties. 

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