Vocab
Career or College
Credit & Credit Cards
Loans
Banking & Health Ins.
100
Something valuable you own
What is an asset?
100
The cost of taking classes
What is tuition ?
100
Money that is made available to you to borrow.
What is credit ?
100
A loan to a buy a home
What is a mortgage ?
100
Card used to take money directly out of your checking account.
What is a debit card ?
200
Something you owe or have to repay
What is a liability ?
200
Will tell you if you have been accepted or rejected
What is the Admissions Office ?
200
Is a summary of your credit history with your credit score
What is a credit report ?
200
The most common type of student loan
What is a Federal Stafford Loan ?
200
The regular, monthly payment you make for insurance coverage.
What is a premium ?
300
Assets minus liabilities
What is Net Worth ?
300
Where you register for classes.
What is the Registrar's Office ?
300
The time period when you pay no interest and make no payment
What is a grace period ?
300
When a person stops making payments on a loan
What is default ?
300
The amount you pay before the insurance company pays.
What is a deductible ?
400
Another word for ownership
What is equity ?
400
On average, the number of credits per class.
What is three ?
400
When you are allowed to use more money than you have
What is overdraft protection ?
400
Assets that can be taken if you fail to pay a loan
What is collateral ?
400
A health insurance plan that allows you to see any doctor or specialist you want.
What is a PPO ?
500
Easily and quickly changed into cash
What is liquidity ?
500
One is the subject you study, the other is the specialty within that subject
What is a major and a concentration?
500
The total or original amount of a loan without the interest
What is the principal ?
500
When you take out a loan to purchase the rest.
What is finance ?
500
Mandates that everyone must buy health insurance.
What is Obamacare ?
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