RISK MANAGEMENT
THE POSSIBILITY OF FINANCIAL LOSS OR PHYSICAL HARM
WHAT IS RISK
AN ACCOUNT THAT PAYS INTEREST USED FOR EMERGANCIES, RAINY DAY FUND, CHRISTMAS (ETC...)
WHAT IS A SAVINGS ACCOUNT
TO COMMIT MONEY TO A CAUSE OR COMPANY IN THE HOPES OF MAKING A PROFIT
WHAT IS TO INVEST
A CONTRACT THAT REDUCES (MITIGATES) RISK. CAN BE FOR HOME, LIFE AUTO, MEDICAL, DENTAL, OR EVEN FOR PETS
WHAT IS AN INSURANCE POLICY
THIS ACCOUNT IS USED FOR MOST PEOPLE AS THEIR PRIMARY DAY TO DAY ACCOUNT...ALSO USED FOR DEBIT CARDS
WHAT IS A CHECKING ACCOUNT
A COMPANY THAT OFFERS MONETARY SERVICES
WHAT IS A FINANCIAL INSTITUTION
THE AMOUNT OF MONEY PAID FOR AN INSURANCE POLICY
WHAT IS A PREMIUM
THIS SAVINGS TOOL IS AN IOU WHERE YOU LOAN A COMPANY, CITY, STATE OR GOVT. MONEY AND GET PAID BACK WITH INTEREST OVER TIME
WHAT IS A BOND
MONEY THAT IS OWED OR PAID FOR THE USE OF ONE'S PRINCIPAL
WHAT IS INTEREST
THE AMOUNT OF MONEY THE POLICY HOLDER HAS TO PAY FIRST BEFORE THE INSURANCE POLICY PAYS FOR THE REST. USUALLY 20%:80% RATIO
WHAT IS A DEDUCTIBLE
THIS IS A BASKET OF VARIOUS STOCKS FROM ONE AREA
WHAT IS A MUTUAL FUND
THE CONCEPT OF PUTTING ASIDE A PERCENTAGE OF YOUR MONTHLY PAY FOR SAVINGS OR INVESTMENTS
WHAT IS "PAY YOURSELF FIRST"
THIS WORD MEANS "TO REDUCE" AS IN TO REDUCE RISK.
WHAT IS "MITIGATE"
A SINGLE SHARE OF A COMPANY THAT ALLOWS YOU TO VOTE ON COMPANY ISSUES AND SHARE IN PROFITS
WHAT IS A STOCK
A BONUS PAID PER SHARE OF STOCK WHEN A COMPANY IS DOING WELL
WHAT IS A DIVIDEND