investing
bull market
market goes up
Pawnshops is a example of
Collateralized loans
put money into your account
deposit
wages, rentals, interest, capital, profits, investments, entrepreneurship are all sources of
income
auto insurance you need
liability
bear market
market goes down
Consequence of a lost or stolen credit card
$0-$50
take money out
withdraw
choosing the next best alternative
Opportunity cost
when you hit a deer
comprehensive
Loaning money to a company
bonds
secured loans
collateralized
institution that gives loans
banks, credit unions, pawnshops, finance companies, payday lenders, tax
preparers
reduce amount of taxed income
allowance
amount that the insured has agreed to pay before the insurer has to pay anything on a covered claim
deductible
own part of the company
stock
how long does bankruptcy stay on your report
10 years
rule of 72
how long it takes to double
who collects taxes
treasury department/ IRS
repairs your vehicle when something collides to it
collision
Diversified set of investments held by an individual or institutional investor
Investment portfolio
predatory loan
making loans to customers who are poor credit risk and making those customers pay extremely high interest rates.
amount before deductions
gross pay
who's mainly hurt by inflation?
lenders
amount that you have to pay
premium