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Principal Scott, a developmentalist, explained to parents why he was replacing report cards for elementary school students. To facilitate development of students' academic self-concepts, he is replacing grades with:
Collateral
An asset that a borrower offers to a lender as a security for a loan, which can be seized if the loan is not repaid.
Savings Deposits
Bank accounts that pay interest on the money deposited, meant for saving rather than daily transactions.
Capital Formation
The process of building up a country's stock of real capital, such as buildings, machinery, and equipment, which is used for production.
Economy
The system of production, distribution, and consumption of goods and services within a society.
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