Vocabulary
Premium definition (insurance related)
What is 'the price you have to pay for an insurance policy'.
The place where you open a bank account
What is a bank, or a bank's website
What is a student loan?
What is a loan taken out by a student to finance their education, with the understanding that the loan has to be repaid
What is an interview
What is a conversation where one participant asks questions, and the other provides answers
What is a credit card
What is a payment card that allows you to borrow money to make purchases, and then pay the used money off later.
Copayment definition (insurance related)
What is 'a set dollar amount you pay for a specific service'.
What documents do you need to bring with you?
What is a valid photo ID, social security number, proof of address, and an initial deposit
What are loans offered by the US Department of Education. They often have lower interest rates and more flexible repayment options
Why are (job) interviews important
What is 'they allow both employers and candidates to assess fit, and gather important information.
What is 'to pay for anything you want/need'
Coinsurance definition (insurance related)
What is 'a percentage of the total cost you pay for a specific service'.
What is an initial deposit?
What is the first amount of money you deposit into an account, done when you first open that account
What are private student loans
What are loans that are offered by banks, credit unions, and other private lenders
What to wear to an interview
What is dress in professional attire that is appropriate for the company and role
Is there a minimum or maximum amount on a credit card
What is there is no minimum, but there is a maximum. The maximum depends on the type of credit card you have-be sure to know the maximum amount.
Deductible definition (insurance related)
What is 'the portion of a covered loss that you must pay before the insurance company can begin to cover the remaining costs.'
What is checking accounts are for everyday transactions and savings accounts are for saving money'.
What is a grace period
What is the time given (usually 6 months) before borrowers are required to begin repaying back the loan
How do you prepare for an interview
What is 'practice answering interview questions, research the company, prepare questions to ask the interviewer, arrive early, and stay hydrated'
Where can I apply for a credit card
What is the bank, or using an online application
Formulary definition (insurance related)
What is 'a list of all the drugs covered by a health insurance plan'.
Can I have access to my bank account online?
What is yes. Just about all banks and credit unions offer online banking (through their app which you can download in the app store)
What is principal
What is the original amount of money that was borrowed
What should you do during the actual interview
What is 'actively listen, show enthusiasm and a positive attitude, be honest and authentic, maintain eye contact, use appropriate body language, ask thoughtful questions, end on a positive note (ie thank you for your time).
What information do I need to have to apply for a credit card
What is personal information, income information, bank account information, and housing information