Credit Cards
An organization or person that lends money.
What is a lender?
Disposable income not spent for consumer goods/saved in some type of savings vehicle
Savings
Insurance to protect a car owner in the event of an accident or damage to a vehicle.
Auto Insurance
Sometimes manufactures offer a partial refund of the price of a product. This is called a
Rebate
Internal Revenue Service- responsible for collection and enforcement of taxes
IRS
An agreement to receive goods or services with a promise to pay at a later date.
What is Credit?
Account you put money in, To get get money out you withdrawal it (collects interest.
Savings Account
a type of insurance that minimizes financial risk related to medical expenses
Health Insurance
Dishonest business practices that are meant to deceive, trick, or gain and unfair advantage?
Fraud
A tax imposed by the government at the point of sale on retail goods and services. It is collected by the retailer and passed on to the state.
Sales Tax
A type of credit score created by the Fair Isaac Corporation.
What is a FICO score?
Which investment best exemplifies the principal of "the greater the risk, the greater the potential reward"?
Common stocks
Protects against most types of property losses and liabilities related to home ownership
Homeowners Insurance
A desperately purchased agreement by the manufacturer or distributor that states the conditions under which the product can be returned, replaced, or repaired?
Warranty
Any tax in which the rate increases as the taxable base amount increases
Progressive Tax
A statement that has information about your credit activity and current credit situation such as loan paying history and the status of your credit accounts.
What is a credit report?
Which investment best exemplifies the principal of "the greater the risk, the greater the potential reward"?
Average Annual Rate of Return
a type of insurance that protects against the loss of income as a result of an individuals death
Life Insurance
Store that focuses on the specific product you are shopping for.
Specialty Retailer
The return of excess amounts of income tax that a taxpayer has paid to the state or federal government throughout the past year.
Tax Refund
The percentage of a consumer's available credit used, expressed as a percentage.
What is a credit utilization rate?
Federal debt instrument individuals purchase directly from the U.S. government.
Saving Bonds
A type of insurance that protects you from lawsuits, usually against your customers or people using property that you own.
Liability
Use of a standard unit of measurement to compare the prices of packages that are different sizes
Unit Pricing
Tax an employer withholds and/or pays on behalf of their employees based on the wage or salary of the employee.
Payroll Tax