Unit 1 Terms
Unit 1
Ch.8
Unit 2
Unit 2 Terms
100
A group of investors who pool there money together.
What is Mutual Funds
100
This is the #1 risk to consider when investing
What is You could lose all of your money
100
This is the ability to leave when not satisfied
What is Walkaway power
100
This is a key feature in computing your FICO score
What is Debt
100
This is the most expensive way to finance a new car
What is leasing
200
Oil and Gold are examples of this
What is commodities
200
These are the most aggressive mutual funds
What is Companies that are younger and growing
200
This is the deal you should set up when negotiating
What is a win-win
200
This is how much more percent you spend on a purchase when you use credit instead of cash
What is 12%-18%
200
Combining multiple debt payments into one single payment
What is Consolidation
300
This old saying believes whatever can go wrong will go wrong
What is Murphy's Law
300
This is the best thing to do with your retirement plan when you leave a company
What is a direct transfer into an IRA
300
This is what you must have to bargain hunt
What is Patience
300
This is the time in which collectors may call
What is 8:00am to 9:00pm
300
The percent of total debt each creditor gets when you cant make minimum payments
What is Pro-Rata
400
Where your emergency fund is found
What is a Money Market
400
This is your piece of ownership in a company
What is a share of stock
400
This is the #1 no, no when negitiating
What is Misrepresenting the truth
400
This is an overdue payment
What is a delinquency
400
Court action that allows a lender to take wages directly from paycheck
What is Garnishment
500
The percentage by which your money grows
What is a Rate of Return
500
This is the #1 place Dave Ramsey would say NOT to put your money
What is Gold
500
This saying is used by bargain shoppers as well as collectors
What is "thats not good enough"
500
This concept is best explained by the statement "Money spent here cannot be spent there"
What is Opportunity cost
500
Mortgage loans where the interest rate is adjusted periodically
What is A.R.M.
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