Credit
The ability to withdraw cash via your credit card.
What is Cash advance ?
range of incomes taxed at given rates.
What is a tax bracket?
money in the form of paper or coins issued by a government.
What is currency?
The interest rate and fees or additional costs you’re charged per year for a loan or credit card. For you as a customer, a lower rate is always better.
What is annual percentage rate (APR)?
Legal policies that transfer all or some of the financial impact of unexpected events.
Insurance?
Making loans to customers who are poor credit risks (low credit scores)
What is a predatory loan ?
a progressive tax that increases as the amount of taxable income increases
What are graduated income taxes?
The next best alternative to whatever it is chosen to do.
Opportunity cost ?
The total amount of all funds in your account.
What is account balance?
The amount of money you pay out of pocket for covered medical services.
Health Insurance Copay?
A flexible pre authorized loan that can be used for anything.
What is a bank line of credit ?
a consumption tax levied on people when they make certain kinds of purchases.
What is sales tax?
ease with which an asset can be accessed and converted into cash
what is liquidity?
Any personal possessions of value. This also includes cash, real estate and investments.
What is an asset?
Guaranteed policy to repair damages to your car and the other party's car in the event of a car accident.
Auto Comprehensive insurance?
The three major credit reporting agencies
Equifax, TransUnion and Experian
A tax on the real estate that people own.
What is property tax?
The frequency of at which one unit of currency is used to purchase goods and services
What is velocity of money?
An automatic deposit to your account made by your employer or an outside agency
What is a direct deposit?
A guarantee that you will pay and repair damages to the other person’s car when you cause the accident.
Auto liability coverage?
Amount of available credit you have relative to the amount of debt you have.
What is Debt to Credit Ratio ?
A tax imposed on individuals or entities in respect of the income or profits earned by them.
What is income tax?
this is used like a check as a payment for a pre-specified amount of money.
What is Money order?
A rate of interest that does not vary for the entire term of the loan or deposit.
What is a fixed rate?
The amount that the insured has agreed to pay before the insurer is obliged to pay the claim.
Insurance Deductible?