Managing Accounts
The amount that your funds are insured up to.
What is $250,000
To put money to use, by purchase or expenditure, in something offering potential profitable returns, as interest, income, or appreciation in value.
What is to invest
The means of protecting property, life, health, and so on against loss or harm in exchange for a payment proportionate to the risk involved.
What is insurance
The products and services offered by the finance industry that enable various financial transactions such as loans, insurance, credit cards, investment opportunities and advice, and money management.
What is financial services.
firms that evaluate the strengths and weaknesses of different types of financial services companies or individuals. These ratings are based on a number of factors, such as the kind of services and the risk factors involved with the services for a company's rating, or history of paying bills on time and bankruptcy for an individual.
What is credit rating agency
A firm licensed to sell insurance to the public. It provides customers with services designed to cover a number of risks that are generally related to an individual’s life and property.
What is an insurance company
Interest usually begins one month after a purchase is made and borrowing limits are preset according to the cardholder’s individual credit rating.
What is a credit card
A company whose main business is holding securities of other companies purely for investment purposes, that invests money on behalf of its shareholders who in turn share in the profits and losses.
What is investment service company
The lender that provides funds for a mortgage. Lenders also manage and review the credit and financial information, the property, and the loan application process.
What is a mortgage lender
An alternative to a bank that is usually organized as a nonprofit cooperative, and usually offer higher rates on deposits and charge lower rates on loans than commercial banks.
What is credit union
Planning and preparing to operate in case of serious incidents or disasters and recovering within a timely manner
What is a business continuity plan
A corporation or trust through which people invest in professionally managed portfolios of securities by pooling their funds with other investors.
What is investment company
An institution that assists individuals in buying and selling securities among investors
What is a brokerage firm
A bank that focuses on personal everyday customers, such as Chase or Wells Fargo.
What is retail banking
A type of bank that focuses on business customers
What is commercial banking
Opening an account that encourages individuals to evaluate personal financial habits, needs and goals, such as amount of money spent daily, number of deposits and how much money will be kept in the account.
What is a checking account?
A financial institution that accepts deposits and channels the money into lending activities; it is a business that provides financial services for profit. These services are provided for both the individual and commercial sector.
What is a bank
An institutions may be owned by shareholders OR members?
What is savings and loan associations?
a line of credit issued to customers to cover checks or debits exceeding the amount in their account?
What is overdraft protection?
electronic movement of money from one account
What is Electronic funds transfer
Making payments on time is an important part of managing
What is a Loan
Financial institutions are monitored through
What is the Federal Reserve System?
Operates much like a bank but by law S&Ls must have 65% or more of their lending in residential mortgages.
What is Savings and loans
Requiring more than one method of credential authentication to verify a user’s identity for a transaction
What is multifactor authentication
Allows individuals to borrow against their home’s value to finance major expenses
What is a Home Equity Loan