Budgeting
This type of expense varies from month to month and can be adjusted.
What are variable expenses?
This term refers to the regular payment made to an insurance company for coverage.
What is a premium?
This form is used by most U.S. taxpayers to file their annual income tax return.
What is Form 1040?
This refers to the potential return on an investment.
What is yield?
The original amount of money invested or borrowed.
What is principal?
These goals in budgeting typically involve plans for the next 1-5 years
What are medium-term goals?
This type of life insurance provides coverage for a specific period.
What is term life insurance?
Employees fill out this form to indicate their tax withholding preferences.
What is a W-4?
This market condition is characterized by rising stock prices and optimism.
What is a bull market?
A standardized measure of creditworthiness.
What is a credit rating?
When creating a budget, these are objectives you hope to achieve within the next year.
What are short-term goals?
In health insurance, this is a fixed amount you pay for covered services before insurance kicks in.
What is a deductible?
This form reports an employee's annual wages and the amount of taxes withheld from their paycheck.
What is a W-2?
These investment vehicles pool money from many investors to purchase a diversified portfolio of stocks.
What are mutual funds?
The total cost of borrowing money, including interest and fees.
What is a finance charge?
What is the fund designated for unexpected debts
What is an Emergency Fund?
This auto insurance coverage pays for damage to your own vehicle in an accident.
What is collision coverage?
Banks use this form to report interest income paid to customers.
What is a 1099-INT?
This is where previously issued securities are bought and sold between investors.
What is the secondary market?
This refers to high-risk investments made in hopes of large returns.
What is speculation?