Got you covered
This type of insurance goes beyond limits of other coverages. Also protects against slander and invasion of privacy.
Umbrella Policy
An investment that is a share of ownership in a corporation.
Stock
Federal Agency that insures bank deposits up to $250,000
FDIC
The lowest rate of interest at which money may be borrowed. Available only to those with excellent credit.
Prime Rate
You should have 3-6 months of expenses in this in case you loose your job or have unexpected expenses.
Emergency Fund
This is an economic indicator that calculates the value of all good produced in a country.
Gross Domestic Product
This will be more expensive in areas with greater risk of loss or damage.
Homeowners
An investment that is a loan to a corporation or a government.
Bond
A non-profit membership organization that offers checking accounts, savings accounts, and loans.
Credit union
This number is used by lenders to determine how much they charge you for interest on loans.
Credit score
Expenses that change from month to month (like food, entertainment, or vacation).
Variable expenses
The internal aspects of a SWOT analysis are these two company characteristics.
Strengths & Weaknesses
The amount of money that a patient with health insurance pays for each healthcare service.
Co-payment
This is an investment that pools money from many people and uses the money to buy many stocks and/or bonds.
Mutual fund
The interest rate that you use to compare different loans with different characteristics.
Annual Percentage Rate (APR)
Low rate offered by a credit card company as an incentive to apply for the card.
Introductory Rate
These taxes are taken out of your paycheck and used to fund payment to the elderly and economically disadvantaged.
Social Security
This type of business is a separate entity, owned by its shareholder(s), who elect a board of directors to oversee the organization's activities.
Corporation
This is the name of the money you pay every month to have an insurance policy.
Premium
This is a type of tax deferred retirement account that you control. You don't pay taxes on the income from it until after you retire.
Traditional IRA
A type of interest that grows not only on the principal but also on all accumulated interest over time.
Compound Interest
The maximum amount you are allowed to charge to your credit card.
Credit Limit
The amount of your pay before taxes are taken out.
Gross Pay
The ability to use a cash register or program a computer would be consider this type of skill.
Hard
This is the money you pay out of pocket when you need to use insurance.
Deductible
This type retirement account is purchased with after tax income so you don't pay taxes when you take it out.
Roth IRA
This is a card that you can use at an ATM and is connected to your checking and/or savings account.
Debit or ATM Card
Property that is used by a lender to secure a loan (the bank takes the property if you don't repay the loan).
Collateral
Your pay AFTER taxes and deductions.
Net Pay
In this type of business model, making sure everything is exactly the same in every location is extremely important to maintain customer loyalty.
Franchise