Unit 1
W-2
What is a wage and tax statement
Liquid Assets
What is a financial asset that can be easily sold without a loss in value
Credit
What is buying then repaying in the future
Tenant
What is a person who rents
Financing
What is taking a loan out for a car and paying it back over time
Traditional IRA
What is a retirement account that lets your earnings grow
Retirement
What is being able to not work and still live well
5 Cs
What is Capital, Collateral, Conditions, Character, Capacity
Landlord
What is the person who owns the rental
Leasing
What is renting
Commission
What is an amount paid to an employee for selling something
What is a digital currency that isn't pegged to any fiat country
What is 300-850
Security Deposit
What is a sum of money held in trust
Mortgage
What is a monthly payment on your house
Net Income
What is the money you actually make
Emergency Fund
What is should be 3-6 months saving
Schumer Box
What is a sheet that breaks down interest rates and fees of a credit card
Equity
What is the value of shares issued by a company
Insurance
What is providing financial protection if you get hurt
Gross Income
What is your income before taxes and deductions
Financial Pyramid
What is cash, stocks, futures
Bankruptcy
What is when a person or business can't pay back anything
Collateral
What is something held until something is payed off
Disability Insurance
What is financial help for when you're hurt or sick and can't work