Definitions
What's an asset?
Everything you own that has monetary value, plus any money you owe.
The higher the plan's deductible the lower _
the premium
Loans that come from private lender that help that help people pay for school
student loan
People with a lower credit score are more likely to get into more _
car crashes
What a bond?
Debt securities issues by corporations and governments.
Insurance that provides protection beyond existing limits and coverages of other policies.
Umbrella Insurance
What are mortgages used for?
Mortgage loans are used to buy a home or to borrow money against the value of a home you already own.
Should you save your money or spend it?
Save
An employer-sponsored retirement savings plan that offers significant tax benefits while helping you plan for the future.
401 (k) plan
Rhode Island Law is you have to carry minimal limits of bodily injury of __ per a person and ___ for per incident
25,000 and 50,000
What does APR stand for?
annual percentage rate
Allows you to save money for retirement in a tax-advantaged way.
At what rate does money double in 7 years?
10%
A type of security that gives stockholders a share of ownership in a company.
Stocks
You can have: Higher credit limits , Potentially lower interest rates , More purchasing and negotiating power all from having ___
Having a higher credit score