In this lesson, we explored some of the basic financial terminology that serves as the foundation for understanding more advanced financial concepts. We covered key terms such as interest, principal, annuity, and amortization. These terms are essential for anyone looking to navigate the world of finance, whether for personal or professional purposes. With a solid grasp of these basic terms, students are now better equipped to tackle the more complex topics that will be covered in the subsequent modules of this course. As we move forward, remember to refer back to these foundational concepts whenever necessary to reinforce your understanding and application of financial mathematics.