Financial Literacy
/ˌfaɪnænʃəl ˈlɪtərəsi/
Definitions
- (n.) The ability to understand and use financial skills, including managing money, budgeting, and understanding financial products, often with relevance to legal rights and responsibilities.
Financial literacy enables consumers to make informed decisions about contracts and loans.
Forms
- financial literacy
Related terms
See also
Commentary
In legal contexts, financial literacy is crucial for comprehending obligations under financial contracts and for navigating regulatory frameworks.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.