Banking
A bank issued card that can be used to withdraw or deduct money from your checking account.
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What is a debit card?
a small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on the agreement that the holder will pay the money back.
What is a credit card?
A type of insurance coverage that pays for medical and surgical expenses incurred by the insure.
What is health insurance?
Items for which you spend your money.
What are expenses?
You may be subject to this if you give someone money or property during your life.
What is a federal gift tax?
A signature written on the back of a check that authorizes the bank to cash or deposit the check.
What is an endorsement?
a person's credit score calculated with software from Fair Isaac Corporation.
What is a FICO score?
A type of insurance for cars, trucks, motorcycles, and other road vehicles
What is vehicle insurance?
Costs that do not change each month.
What are fixed expenses?
Workers pay this tax during their work years.
What is a social security tax?
Involves the forfeiture of an individual's assets in exchange for the discharge of debts.
What is bankruptcy?
a wide-ranging term for theft and fraud committed using or involving a payment card, such as a credit card or debit card, as a fraudulent source of funds in a transaction.
What is credit fraud?
This type of insurance is typically required.
What is liability insurance?
Costs that can go up and down each month.
What are variable expenses?
This is a person you claim as a dependent on your tax return.
What is an exemption?
This uses a computer-based system to move money from the drawer's account to the payee's account.
What is an electronic funds transfer?
Revolving, installment, charge, and service
What are the different credit types?
Occurs when a claimant attempts to obtain some benefit or advantage they are not entitled to, or when an insurer knowingly denies some benefit that is due
What is insurance fraud?
The act of donating money or time to a cause in which you believe.
What is charitable giving?
This is the social security tax and medicare tax combined.
What is a FICA tax?
Banks may issue customers this type of card, or stored value card, which contains a computer chip that stores electronic money.
What is a smart card?
A preapproved loan amount that a debtor can borrow as needed with no collateral.
What is a line of credit?
Allows employees to set aside money (pretax) to pay for qualified medical expenses.
What is a flexible spending account (FSA)/ Flex 125 Plan?
These are the differences between planned amounts and actual amounts.
What are variances?
A short tax return form designed for use by single and joint filers with no dependents or itemized deductions.
What is a 1040EZ Form?