{"id":54220,"date":"2023-04-20T11:29:31","date_gmt":"2023-04-20T09:29:31","guid":{"rendered":"https:\/\/www.gltfoundation.com\/?page_id=54220"},"modified":"2026-01-09T12:03:53","modified_gmt":"2026-01-09T11:03:53","slug":"glossary-for-financial-literacy","status":"publish","type":"page","link":"https:\/\/www.gltfoundation.com\/en\/school\/glossary-for-financial-literacy\/","title":{"rendered":"GLOSSARY FOR FINANCIAL LITERACY"},"content":{"rendered":"   \n\n      <!-- INTRO INNER PAGE -->\n   <section class=\"intro-part-1\">\n       <div class=\"intro-inner-page bg-blue-light glt-top-space\">\n           <!-- rounded box -->\n           <div class=\"container\">\n               <div class=\"row\">\n                   <div class=\"col\">\n                       <div class=\"el-rounded has-shadow-big bg-white\">\n                           <p class=\"breadcrumbs\" id=\"breadcrumbs\"><span><span><a href=\"https:\/\/www.gltfoundation.com\/en\/\">Home<\/a><\/span><\/span><\/p>\n                           <div class=\"row justify-content-center\">\n                               <div class=\"col mb-4\">\n                                                                          <h2>GLOSSARY FOR FINANCIAL LITERACY<\/h2>\n                                                                                                     <\/div>\n                                                          <\/div>\n                                                          <div class=\"share-box mt-8\">\n                                   <span>Share<\/span>\n                                   <div class=\"a2a_kit a2a_kit_size_ addtoany_list\" data-a2a-url=\"https:\/\/www.gltfoundation.com\/en\/school\/glossary-for-financial-literacy\/\" data-a2a-title=\"GLOSSARY FOR FINANCIAL LITERACY\"><a class=\"a2a_button_facebook\" 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href=\"https:\/\/www.addtoany.com\/add_to\/telegram?linkurl=https%3A%2F%2Fwww.gltfoundation.com%2Fen%2Fschool%2Fglossary-for-financial-literacy%2F&amp;linkname=GLOSSARY%20FOR%20FINANCIAL%20LITERACY\" title=\"Telegram\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" src=\"\/wp-content\/themes\/GLT\/images\/icons\/telegram.png\" width=\"24\" alt=\"Telegram\"><\/a><a class=\"a2a_button_twitter\" href=\"https:\/\/www.addtoany.com\/add_to\/twitter?linkurl=https%3A%2F%2Fwww.gltfoundation.com%2Fen%2Fschool%2Fglossary-for-financial-literacy%2F&amp;linkname=GLOSSARY%20FOR%20FINANCIAL%20LITERACY\" title=\"Twitter\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" src=\"\/wp-content\/themes\/GLT\/images\/icons\/twitter.png\" width=\"24\" alt=\"Twitter\"><\/a><a class=\"a2a_button_linkedin\" href=\"https:\/\/www.addtoany.com\/add_to\/linkedin?linkurl=https%3A%2F%2Fwww.gltfoundation.com%2Fen%2Fschool%2Fglossary-for-financial-literacy%2F&amp;linkname=GLOSSARY%20FOR%20FINANCIAL%20LITERACY\" title=\"LinkedIn\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" src=\"\/wp-content\/themes\/GLT\/images\/icons\/linkedin.png\" width=\"24\" alt=\"LinkedIn\"><\/a><\/div>                               <\/div>\n                                                  <\/div>\n                   <\/div>\n               <\/div>\n           <\/div>\n           <!-- \/\/ rounded box -->\n       <\/div>\n   <\/section>\n   <!-- \/\/ INTRO INNER PAGE -->\n\n    <section class=\"intro-part-2 bg-blue-light\">\r\n        <div class=\"intro-inner-page\">\r\n            <!-- custom content -->\r\n            <div class=\"custom-content left\">\r\n                <div class=\"row\">\r\n                    <div class=\"col-auto mt-8 img-wrapper\">\r\n                        <img decoding=\"async\" class=\"el-rounded has-shadow-big\" src=\"https:\/\/www.gltfoundation.com\/wp-content\/uploads\/2025\/07\/Copertina-glossario-2025-eng-2-683x1024.png\" alt=\"\">\r\n                    <\/div>\r\n                    <div class=\"col-auto mt-8 content-wrapper\">\r\n                                                                            <p>\r\n                                <p><strong>THE 5TH EDITION OF THE 2025 GLOSSARY IS AVAILABLE<\/strong><\/p>\n<p style=\"text-align: justify;\">The <strong>Glossary<\/strong> of Financial Literacy \u201c <strong><em>Words of Economics and Finance<\/em><\/strong>\u201d is born on October 2016, from the need to create a support for the debate on the evolution and the diffusion of basic <strong>financial skills on financial literacy school programs<\/strong> and on the important topics of \u201cfinancial inclusion\u201d, offering an explicatory tool on the history of the economy, on banks and investments, deepening and contextualizing over 350 words in everyday reality. Check out the latest version below!<\/p>\n<p style=\"text-align: justify;\">By reordering the concepts and helping to define the most technical parts that makeup today\u2019s finance, a platform of dialogue and debate on all financial topics has been formed, in order to promote a culture of economic citizenship among teachers, students, families and savers.<\/p>\n                            <\/p>\r\n                                            <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <!-- \/\/ custom content -->\r\n        <\/div>\r\n    <\/section>\r\n\n\n \r\n <!-- VIDEO CONTAINER -->\r\n <section class=\"mt-10 glt-video-slider\">\r\n     <div class=\"container\">\r\n         \r\n                      <div class=\"row\">\r\n                 <div class=\"col\">\r\n                     <div class=\"common-container el-rounded bg-green mt-4\">\r\n\r\n                         <!-- VIDEO SLIDER -->\r\n                         \r\n                         <div class=\"swiper common-slider video-slider single-element\">\r\n\r\n                             <div class=\"swiper-wrapper\">\r\n\r\n                                                                      <!-- slide -->\r\n                                     <div class=\"swiper-slide\">\r\n                                         <div class=\"video-sizer\">\r\n                                             <iframe loading=\"lazy\" title=\"NO ONE LEFT BEHIND: L\u2019Educazione Finanziaria che vince sulle Disuguaglianze\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/qJfT3CwD2ZI?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>                                         <\/div>\r\n                                                                              <\/div>\r\n                                     <!-- \/\/ slide -->\r\n                                 \r\n                             <\/div>\r\n\r\n                             <div class=\"swiper-button-prev\"><\/div>\r\n                             <div class=\"swiper-button-next\"><\/div>\r\n                         <\/div>\r\n                         <!-- \/\/ VIDEO SLIDER -->\r\n\r\n                         <!-- div class=\"text-center mt-5\">\r\n                             <p><strong>Non riesci a scaricare o utilizzare<\/strong> la Nostra App? Scarica il nostro tutorial!<\/p>\r\n\r\n                             <a href=\"#\" class=\"btn btn-large mt-3\">\r\n                                 <img decoding=\"async\" src=\"images\/ico-download.svg\" class=\"is-svg me-2\" alt=\"\">\r\n                                 Scarica il nostro tutorial\r\n                             <\/a>\r\n                         <\/div-->\r\n\r\n                     <\/div>\r\n                 <\/div>\r\n             <\/div>\r\n              <\/div>\r\n <\/section>\r\n <!-- \/\/ VIDEO CONTAINER -->\n\n<h3 class=\"text-center\"><strong style=\"color: #26b67c;\"><br \/>Click on the cover to read the chapters of the new Glossary<\/strong><\/h3>\n\n\r\n\r\n    \r\n        <section class=\"container mt-6\">\r\n                    <\/section>\r\n\r\n                    <section class=\"container component-cards\">\r\n                <div class=\"row\">\r\n                                            <div class=\"col mb-10 mb-tab-3 glt-publication-card\">\r\n\r\n                                                            \r\n                                <div class=\"_df_thumb \" id=\"df_26993\"  wpoptions=\"true\" thumb=\"https:\/\/www.gltfoundation.com\/wp-content\/uploads\/2022\/02\/Screenshot-2025-06-10-alle-10.15.50.png\" >1. THE ECONOMY<\/div><script data-cfasync=\"false\">var option_df_26993 = {\"outline\":[],\"forceFit\":\"true\",\"autoEnableOutline\":\"false\",\"autoEnableThumbnail\":\"false\",\"overwritePDFOutline\":\"false\",\"enableDownload\":\"false\",\"direction\":\"1\",\"pageMode\":\"0\",\"source\":\"https:\\\/\\\/www.gltfoundation.com\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/1.GLT_GLOSSARIO_ENG-CAPITOLO-1-compressed-1.pdf\",\"wpOptions\":\"true\"}; if(window.DFLIP && DFLIP.parseBooks){DFLIP.parseBooks();}<\/script>                                                                    <div class=\"description\">1. THE ECONOMY<\/div>\r\n                                                                                    <\/div>\r\n                                            <div class=\"col mb-10 mb-tab-3 glt-publication-card\">\r\n\r\n                                                            \r\n                                <div class=\"_df_thumb \" id=\"df_26994\"  wpoptions=\"true\" thumb=\"https:\/\/www.gltfoundation.com\/wp-content\/uploads\/2022\/02\/cap-2-en-glossario.png\" >2. THE GLOBAL CRISIS<\/div><script data-cfasync=\"false\">var option_df_26994 = {\"outline\":[],\"forceFit\":\"true\",\"autoEnableOutline\":\"false\",\"autoEnableThumbnail\":\"false\",\"overwritePDFOutline\":\"false\",\"enableDownload\":\"false\",\"direction\":\"1\",\"pageMode\":\"0\",\"source\":\"https:\\\/\\\/www.gltfoundation.com\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/2.GLT_GLOSSARIO_ENG-CAPITOLO-2-compressed-1.pdf\",\"wpOptions\":\"true\"}; if(window.DFLIP && DFLIP.parseBooks){DFLIP.parseBooks();}<\/script>                                                                    <div class=\"description\">2. THE GLOBAL CRISIS<\/div>\r\n                                                                                    <\/div>\r\n                                            <div class=\"col mb-10 mb-tab-3 glt-publication-card\">\r\n\r\n                                                            \r\n                                <div class=\"_df_thumb \" id=\"df_26995\"  wpoptions=\"true\" thumb=\"https:\/\/www.gltfoundation.com\/wp-content\/uploads\/2022\/02\/cap-3-en-glossario.png\" >3. THE BANK<\/div><script data-cfasync=\"false\">var option_df_26995 = {\"outline\":[],\"forceFit\":\"true\",\"autoEnableOutline\":\"false\",\"autoEnableThumbnail\":\"false\",\"overwritePDFOutline\":\"false\",\"enableDownload\":\"false\",\"direction\":\"1\",\"pageMode\":\"0\",\"source\":\"https:\\\/\\\/www.gltfoundation.com\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/3.GLT_GLOSSARIO_ENG_CAPITOLO-3_compressed.pdf\",\"wpOptions\":\"true\"}; if(window.DFLIP && DFLIP.parseBooks){DFLIP.parseBooks();}<\/script>                                                                    <div class=\"description\">3. THE BANK<\/div>\r\n                                                                                    <\/div>\r\n                                            <div class=\"col mb-10 mb-tab-3 glt-publication-card\">\r\n\r\n                                                            \r\n                                <div class=\"_df_thumb \" id=\"df_26996\"  wpoptions=\"true\" thumb=\"https:\/\/www.gltfoundation.com\/wp-content\/uploads\/2022\/02\/Glossario-cap.-4-ita-1.png\" >4. INSURANCE &#038; PENSIONS<\/div><script data-cfasync=\"false\">var option_df_26996 = {\"outline\":[],\"forceFit\":\"true\",\"autoEnableOutline\":\"false\",\"autoEnableThumbnail\":\"false\",\"overwritePDFOutline\":\"false\",\"enableDownload\":\"false\",\"direction\":\"1\",\"pageMode\":\"0\",\"source\":\"https:\\\/\\\/www.gltfoundation.com\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/4.GLT_GLOSSARIO_ENG_CAPITOLO-4-compresso.pdf\",\"wpOptions\":\"true\"}; if(window.DFLIP && DFLIP.parseBooks){DFLIP.parseBooks();}<\/script>                                                                    <div class=\"description\">4.\u00a0INSURANCE\r\n&#038; PENSIONS<\/div>\r\n                                                                                    <\/div>\r\n                    <\/div> <div class=\"row\">                         <div class=\"col mb-10 mb-tab-3 glt-publication-card\">\r\n\r\n                                                            \r\n                                <div class=\"_df_thumb \" id=\"df_26997\"  wpoptions=\"true\" thumb=\"https:\/\/www.gltfoundation.com\/wp-content\/uploads\/2022\/02\/glossario-en-cap-5.png\" >5. FINANCE &#038; INVESTMENTS<\/div><script data-cfasync=\"false\">var option_df_26997 = {\"outline\":[],\"forceFit\":\"true\",\"autoEnableOutline\":\"false\",\"autoEnableThumbnail\":\"false\",\"overwritePDFOutline\":\"false\",\"enableDownload\":\"false\",\"direction\":\"1\",\"pageMode\":\"0\",\"source\":\"https:\\\/\\\/www.gltfoundation.com\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/5.GLT_GLOSSARIO_ENG_CAPITOLO-5-compresso.pdf\",\"wpOptions\":\"true\"}; if(window.DFLIP && DFLIP.parseBooks){DFLIP.parseBooks();}<\/script>                                                                    <div class=\"description\">5.\u00a0FINANCE\r\n&#038; INVESTMENTS<\/div>\r\n                                                                                    <\/div>\r\n                                            <div class=\"col mb-10 mb-tab-3 glt-publication-card\">\r\n\r\n                                                            \r\n                                <div class=\"_df_thumb \" id=\"df_26998\"  wpoptions=\"true\" thumb=\"https:\/\/www.gltfoundation.com\/wp-content\/uploads\/2022\/02\/Screenshot-2025-08-06-alle-12.15.14.png\" >6. RISKS &#038; CONTROLS<\/div><script data-cfasync=\"false\">var option_df_26998 = {\"outline\":[],\"forceFit\":\"true\",\"autoEnableOutline\":\"false\",\"autoEnableThumbnail\":\"false\",\"overwritePDFOutline\":\"false\",\"enableDownload\":\"false\",\"direction\":\"1\",\"pageMode\":\"0\",\"source\":\"https:\\\/\\\/www.gltfoundation.com\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/6.GLT_GLOSSARIO_ENG_CAPITOLO-6-compresso.pdf\",\"wpOptions\":\"true\"}; if(window.DFLIP && DFLIP.parseBooks){DFLIP.parseBooks();}<\/script>                                                                    <div class=\"description\">6.\u00a0RISKS\r\n&#038; CONTROLS<\/div>\r\n                                                                                    <\/div>\r\n                                            <div class=\"col mb-10 mb-tab-3 glt-publication-card\">\r\n\r\n                                                            \r\n                                <div class=\"_df_thumb \" id=\"df_26999\"  wpoptions=\"true\" thumb=\"https:\/\/www.gltfoundation.com\/wp-content\/uploads\/2022\/02\/glossario-cap-7-en.png\" >7. FINTECH &#038; SUSTAINABILITY<\/div><script data-cfasync=\"false\">var option_df_26999 = {\"outline\":[],\"forceFit\":\"true\",\"autoEnableOutline\":\"false\",\"autoEnableThumbnail\":\"false\",\"overwritePDFOutline\":\"false\",\"enableDownload\":\"false\",\"direction\":\"1\",\"pageMode\":\"0\",\"source\":\"https:\\\/\\\/www.gltfoundation.com\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/7.GLT_GLOSSARIO_ENG_CAPITOLO-7-compresso.pdf\",\"wpOptions\":\"true\"}; if(window.DFLIP && DFLIP.parseBooks){DFLIP.parseBooks();}<\/script>                                                                    <div class=\"description\">7.\u00a0FINTECH\r\n&#038; SUSTAINABILITY<\/div>\r\n                                                                                    <\/div>\r\n                                    <\/div>\r\n            <\/section>\r\n\r\n    \n\n<!-- INTRO INNER PAGE -->\r\n<section>\r\n    <div class=\"intro-inner-page\">\r\n        <!-- rounded box -->\r\n        <div class=\"container\">\r\n           \r\n                    <div class=\"el-rounded has-shadow-big bg-white\">\r\n                    \n    <div class=\"glt-flex-content-editor\">\n            <div class=\"row\">\n            <div class=\"col\">\n\n                    <div><p style=\"text-align: center;\"><!-- rounded box --><br \/>\n<a class=\"h4 btn btn-large bg-green btn-hover-green me-2 ms-2\" href=\"mailto:segreteria@gltfoundation.com\" target=\"_blank\" rel=\"noopener\">For more information on our projects with schools click here<\/a><br \/>\n<!-- \/\/ rounded box --><\/p>\n<\/div>\r\n            <\/div>\n        <\/div>\n\n            <div class=\"row\">\n            <div class=\"col\">\n\n                    <div><p data-start=\"87\" data-end=\"183\"><strong data-start=\"87\" data-end=\"183\">5th edition of our Financial Education Glossary \u201cWords of Economics and Finance\u201d (May 2025).<\/strong><\/p>\n<p data-start=\"185\" data-end=\"685\">This fifth edition has undergone a substantial revision of its chapters, not only to update the texts in light of new regulations, but also to make the language and approach increasingly accessible, strengthening its role as a fundamental tool for enhancing essential life skills. In particular, the sections on insurance and pensions, as well as those on FinTech and the digitalisation of finance, represent an effective approach that will be further developed in 2026 through targeted publications.<\/p>\n<p style=\"text-align: justify;\"><strong>4th edition of our Financial Education Glossary \u201cWords of Economy and Finance\u201d (February 2022)<\/strong>.<\/p>\n<p style=\"text-align: justify;\">In this new edition, the entire <strong>social security and insurance section<\/strong> has been further updated, including a detailed explanation of how credit derivatives work, as well as news on <strong>regulations protecting savers and investors<\/strong>. A new feature is the creation of a section dedicated to the theme of <strong>Fintech<\/strong> and the <strong>2030 Agenda<\/strong>, not forgetting <strong>cryptocurrencies<\/strong> (Chapter 7 \u2013 \u201cFintech and Sustainability\u201d). The Glossary \u2013 made available digitally free of charge \u2013 had already reached a circulation of <strong>150 thousand copies<\/strong>, making it <strong>the most widely distributed Glossary in Italy<\/strong>! This commitment has been renewed over the years in order to give substance and completeness to our mission of <strong>disseminating financial literacy<\/strong> with a view to <strong>financial inclusion<\/strong> and greater financial awareness, so that we can be primary actors of a proactive economic citizenship. The Glossary has been <strong>translated into English in order to be better integrated with the CLIL methodology \u2013 Content and Language Integrated Learning<\/strong> (which with Law 107 of 13 July 2015 became part of the priority educational objectives of the Italian school system), and to encourage the acquisition of disciplinary content and foreign language learning.<\/p>\n<p style=\"text-align: justify;\"><strong>The third edition<\/strong> of the Glossary of Financial Education \u2013 Words of Economics and Finance (December 2019) combines modern and updated teaching of economic discipline with a more concrete approach, closely connected to the economic-financial reality that we are experiencing in recent years. In particular, in this new edition, the infographics and the entire social security and insurance section have been fully updated and there is also a detailed explanation on the mechanism of operation of credit derivatives, without missing the legislation that protects savers and investors (MIFID II, IDD) and an analysis of banks\u2019 stress tests to assess their solidity. Our Glossary also includes current and popular themes such as Brexit and Quantitative Easing (QE). All this to give concreteness and completeness to the financial issues that we all have the right and duty to know and understand, with a view to \u201cfinancial inclusion\u201d and greater financial awareness to be primary players in proactive economic citizenship.<\/p>\n<p style=\"text-align: justify;\">The Glossary has been translated into English to offer an opportunity of integration with the CLIL methodology (Content and Language Integrated Learning methodology) and to promote to the acquisition of disciplinary content and foreign language learning.<\/p>\n<p style=\"text-align: justify;\"><strong>The second edition<\/strong>, launched in April 2018, improved with the infographics donated by <strong>Pictet Asset Management<\/strong>, became even more innovative. It is also used in adult classes, in class and also at home in a simple and easy way. The definition of each concept expressed in questions and answers will facilitate the learning of even the most complex topics, favouring a transfer of generational skills, made possible also thanks to the digital platform <a href=\"http:\/\/www.familymi.com\/en\/\" target=\"_blank\" rel=\"noopener\"><strong>www.familymi.com<\/strong><\/a> and its 30 video tutorials related to the skill survey.<br \/>\nThe Second Edition has already sold out its first 20 thousand copies and aims to consolidate the way of financial awareness for families, future generations of investors and women, through the keywords of a topic in constant evolution. The Glossary is distributed for free to all the participants of the classes of the \u201cWomen Squared Project\u201d and at all FamilyMi events.<\/p>\n<p style=\"text-align: justify;\"><strong>The first edition<\/strong> of the Glossary has been distributed by Giunti Scuola in over 680 Italian schools for a total of 120,000 copies, e-books and printed edition. It has been given to students, High School teachers, that have chosen special educational path, on the pilot regions of Lombardy, Lazio, Piedmont and Emilia Romagna.<\/p>\n<\/div>\r\n            <\/div>\n        <\/div>\n\n        <\/div>\n\n    \n                    <\/div>\r\n              \r\n        <\/div>\r\n        <!-- \/\/ rounded box -->\r\n    <\/div>\r\n<\/section>\r\n<!-- \/\/ INTRO INNER PAGE -->\r\n","protected":false},"excerpt":{"rendered":"<p>Click on the cover to read the chapters of the new Glossary<\/p>\n","protected":false},"author":7,"featured_media":0,"parent":54632,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[65],"class_list":["post-54220","page","type-page","status-publish","hentry","category-school"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GLOSSARY FOR FINANCIAL LITERACY - 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