Vocabulary: Financial Tips for Immigrants to the USA

Financial Tips for Immigrants to the USA Vocabulary List:

  • Immigrant: a person who comes to live permanently in a foreign country.
  • Finance: the management of large amounts of money, especially by organizations.
  • Budget: a plan for spending and saving money.
  • Save: to keep money for future use instead of spending it.
  • Expense: the cost required for something; the money spent on something.
  • Credit: the ability to obtain goods or services before payment, based on the trust that payment will be made in the future.
  • Bank Account: a record of the money a customer has deposited in a bank.
  • Interest: an amount of money charged by a bank for the use of borrowed money.
  • Income: the money that an individual or business receives regularly.
  • Financial Goals: specific objectives to be accomplished through financial planning and management.
  • Debt: something, typically money, that is owed or due.
  • Invest: to put money into financial schemes, shares, property, or a commercial venture with the expectation of achieving a profit.
  • Credit Score: a number representing the creditworthiness of a person, the likelihood that they will pay their debts.
  • Assets: items of value that a person or organization owns.
  • Liabilities: something for which a person or company is responsible, especially a financial responsibility such as a debt.

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