Probability
Vocab
Insurance
Personal Finance
100
If one die is rolled, what is the probability of rolling a 2
What is 1 out of 6
100
Tort
What is A legal term that describes circumstances when someone is deemed legally responsible for injury.
100
Property Damage Liability covers this.
What are Other peoples property
100
The difference between a Debit card and a Credit Card?
What is Debit is cant charge, comes out of your account, Credit, Charge, come from the banks money.
200
One die is rolled what is the probability of rolling an odd number.
What is 3 out of 6
200
SR-22 covers what type of insurance
What is A document that shows proof of financial responsibility.
200
Deff of a claim
What is When you ask insurance company for money.
200
State Tax is what?
What is Money you pay to the state from your pa check for funding state government expenses.
300
A single die is rolled what is the probability of rolling a number less then 5.
What is 5 out of 3
300
Limits
What is A maximum amount of money our insurance company will pay out for your losses.
300
Does Liability insurance ever have a deductible?
What is No
300
W-4 forms are what?
What is A form that lets you state how much dependents you have. This helps to determine how much income tax is withheld.
400
A single die is rolled what is the probability of rolling a number greater then 3
What is 3 out of 6
400
Indemnity
What is A predetermined sum paid for a covered loss.
400
What Insurance covers the damage to a building
What is Comprehensive
400
what is a 401k saving
What is Retirement savings. This is usally deducted before tax is calculated.
500
A card is drawn from a well-shuffled deck of 52 cards, what is the probability of drawing a heart
What is 13 out of 52
500
Endorsments
What is These are changes to the original insurance contract, such as a different deductible of an additional car or driver.
500
What insurance covers damage to your car?
What is Collision
500
What is a W-2 form
What is A year end summary of what you earned and what was withheld from your pay.
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