Insurance
an amount to be paid for an insurance policy.
Premium
Money earned on a regular basis with little or no effort required to maintain it. Some things that produce passive income are real estate, intellectual property like books or internet content, or a business in which the owner is not actively involved.
Passive Income
money, material or other assets (cars, homes, tools, etc.) that can be used by a person. It's our supply or support that we must manage.
Resource
pieces of ownership in a company.
Stock
formal request to the insurance company for reimbursement for a covered loss
Claim
The maximum dollar amount that can be borrowed
Credit card limit
A bank account that earns interest or extra money
Savings
new business that usually try to create something innovative, like an exciting app or product
Start-Up Company
the amount of money the patient has to pay that the insurance company will not pay
Co-Pay
a small piece of plastic or digital card that lets you borrow money to buy things, which you pay back later with added fees if not paid on time
Credit Card
to provide a specific amount of money for certain uses
Budget
some companies share part of their profits with shareholders through payments
Earning Dividends
Amount you must pay before you begin receiving any benefits from your insurance company
Deductible
When you owe money to someone
Debt
to manage, look after, and supervise carefully
Steward
the ease with which an asset can be converted into cash
Liquidy
The most you have to pay for covered services in a plan year. After this max is reached health plans pay 100% of cost.
Max-Out of pocket
A measure of an individual's credit risk; calculated from a credit report using a standardized formula
Credit Score
Putting forward something of your own to hopefully gain something more in the end
Investment
Putting forward something of your own to hopefully gain something more in the end
Investment