Insurance
This is the amount you pay per year for insurance before your plan benefits take effect.
What is an annual deductible?
Interest on interest
What is Compound interest?
This is where you store important documents and can be accessed only by the owner
What is a safe deposit box?
This is the ability to borrow money or access goods or services with the understanding that you'll pay later at a rate of interest
What is credit?
This is what you ask for when you compare the actual cost of the loan for one year expressed as a percentage.
What is an APR?
This is the amount paid to a beneficiary upon the death of an insured person.
What is a death benefit?
This is used to estimate the number of years required to double the invested money at a given annual rate of return
These are often used for vacations, function as cash, and are easily replaced if lost.
What are travelers checks?
Something of value that secures a loan to protect the lender.
What is collateral?
What is Predatory Lending?
This is a person or organization covered by insurance.
Who is the insured?
a dollar today is worth more than a dollar tomorrow
What is the time value of money?
This financial product you can buy for $25, is safe, and will be worth $50 at a future date.
What is a savings bond?
When a person declares bankruptcy that fact will appear on the person's credit report for this length of time.
What is 10 years?
This is what you have when your expenses are more than you budgeted.
What is a deficit?
This is coverage that provides nursing-home care, home-health care, personal or adult day care for individuals above the age of 65 or with a chronic or disabling condition that needs constant supervision.
What is long-term-care insurance?
an investment program funded by shareholders that trades in diversified holdings and is professionally managed.
What is a mutual fund?
This is a type of savings account which provides a higher interest rate and gives you the ability to write checks.
What is a money market account?
This is the time between date on the credit card bill and the date payment is due.
What is a grace period?
These are the things you pay for each month that vary from month to month, such as gas for the car.
What are variable expenses?
This is the cash amount offered to the policyowner by the issuing life carrier upon cancellation of the contract.
What is Cash Value?
degree of variability in investment returns that an investor is willing to withstand.
What is a risk tolerance?
Consumers who file for bankruptcy are still responsible for tax claims and these.
What are student loans?
This is the action of taking possession of a mortgaged property when the mortgagor fails to keep up their mortgage payments.
What is a foreclosure?
This is what you have when your expenses are less than what you budgeted.
What is a surplus?