Taxes
This is the amount of money you would have gotten before taxes got taken out.
What is gross pay?
This is the best way to avoid having to pay interest on your credit card.
What is paying the full monthly balance?
To ensure you will be approved for a loan, you can put something of your own on the line. These can be cars, houses, etc.
What is collateral?
When you buy a stock, you are actually purchasing this.
What is a small piece of ownership?
Credit scores are used to tell lenders how trustworthy you are with your money. What is the usual scale of credit scores?
What is 300-850?
This is the amount of money you are able to take home, after Uncle Sam collects his share of course.
What is net pay?
Credit card companies earn the most money from this type of user.
What are irresponsible users?
This is the term we give to the original amount the bank gives out for a loan.
What is principal?
Sometimes a company will pay you simply for owning their stock. What are these called?
What are dividends?
Making this type of payment on your credit card bill will only increase your total payment over time.
What are minimum payments?
People who rely on you for over half of their yearly financial help can be claimed as these.
What are dependents?
APR is the interest rate applied to balances on your credit card. What does APR stand for?
What is Annual Percentage Rate?
This type of interest rate does not change throughout the entirety of the loan.
What is a fixed interest rate?
Selling a stock for more than you paid for it is known as this.
What is a capital gain?
The word "term" when it comes to loans means this.
What is the duration of the loan?
Why did we agree that property tax should not be based off how much you bought the property for?
What is changes in value, up or down?
What's one reason that stores may refer cash over card?
Lots of answers.
What is a secured loan?
What is a loan backed by collateral?
This strategy includes spreading you investments out across multiple stocks in different sectors to minimize risk.
What is diversification?
This is a government issued investment where you loan out money, and receive it back later with additional interest.
What is a bond?
Property tax is ad valorem. What does that mean?
What is according to value?
This type of credit card transaction lets you withdraw cash early, but has insanely high interest rates.
What are cash advances?
This type of loan is not backed by any sort of collateral.
What is an unsecured loan?
If a company splits its stock, the investors' total value does not change. Explain why.
What is double the shares at half the price?
You invested in the stock market. Name the two main ways you could make money off of these stocks.
What are capital gains and dividends?