Insurance
The out-of-pocket money you pay before an insurance company will cover the remaining costs attributed to your loss
What is a deductible?
The three types of taxes
What is regressive, progressive, and proportional?
Three major types of depository institutions in the United States
What are commercial banks, savings and loans/savings banks, and credit unions?
The three C's of credit
What are character, capital, and capacity?
This means that you do what you say you will, when you say you will. You can be trusted to complete any task, and you will do it well.
What is dependability?
This is the chance of loss from an event that cannot be entirely controlled
What is risk?
A sales tax levied on an everyday product bought at the grocery store
What is a regressive tax?
Cooperative financial institutions, formed by groups of people with a "common bond"
What are credit unions?
Merchandise and services are paid for in two or more regularly scheduled payments of a set amount. Interest is included.
What is installment credit?
Being able to balance your workload and prioritize what gets done
What is time management?
The money you pay to an insurance company to pay for your policy
What is a premium?
A flat tax system in which taxpayers pay a set percentage, regardless of their income
What are proportional taxes?
They can be owned by shareholders ("stock" ownership), or by their depositor and borrowers ("mutual" ownership")
What are savings and loans/savings banks?
This something you should establish when building a credit history
What is a steady work record?
The ability to think outside of the box and come up with interesting ideas
What is creativity?
A formal request to an insurance company asking for a payment based on your insurance policy terms and conditions
What is a claim?
Tax liability rises as income increases based on an increasing rate schedule
What is a progressive tax system?
These banks are generally stock corporations whose principle obligation is to make a profit for their shareholders
What are commercial banks?
Single-payment, installment, and revolving
What are the types and sources of credit?
Being able to appropriately give and receive information
What is communication?
In an insurance policy, the person being insured is also known as
What is the policyholder?
The current federal income tax is a
What is a progressive tax system?
They are exempt from federal taxation and sometimes receive subsidies, in the form of free space or supplies, from their sponsoring organizations.
What are credit unions?
Protects the privacy and accuracy of information in a credit check
What is the fair credit reporting act of 1970?
The process of social influence, which maximizes the efforts of others, towards the achievement of a goal
What is leadership?