Banking Terms 1
Auto Insurance 1
Checking Accounts
Miscellaneous
Auto Insurance 2
100
The amount of money in a particular account.
What is the balance?
100
This pays for damages to your car when you hit another car or run into an object.
What is collision insurance?
100
An individual or company to whom a check is written; one who receives money as payment.
What is the payee?
100
A check that a bank has refused to cash or pay because there are no funds to cover it in the account.
What is a bounced check?
100
Covers injuries you or your passengers suffer while riding in your car.
What is medical payments insurance?
200
A check written for more money than is currently in the account. If the bank refuses to cash the check, it is said to have "bounced."
What is an overdraft?
200
Covers costs resulting from bodily injury and property damage to others.
What is liability insurance?
200
$2,356.44 written in words.
What is "two thousand three hundred fifty-six and 44/100?
200
A banking card enhanced with ATM and point-of-sale features than can be used to purchase goods and services electronically.
What is a check card or debit card?
200
The amount of loss paid by the policyholder before the insurance company pays. The higher this amount, the lower the premium charged for the coverage.
What is deductible?
300
Anything that a bank accepts as security against the debtor's not repaying a loan.
What is collateral?
300
Pays for damages to your car caused by theft, vandalism, fire, or when an animal runs into your car.
What is comprehensive insurance?
300
A monthly fee a bank charges for handling a checking account.
What is a service charge?
300
Allows you to withdraw money or make a balance inquiry, oftentimes not in the bank.
What is an ATM or automated teller machine?
300
An estimate of damage to your car after an accident.
What is an appraisal?
400
The bank automatically transfers money from another account into your checking account because of insufficient funds.
What is overdraft protection?
400
This coverage is considered to be important because an estimated 25% to 30% of drivers do not carry insurance.
What is uninsured motorist coverage?
400
An individual or company who writes a check; one who gives money as payment.
What/who is the payer?
400
When the amount of a check or debit card purchase is debited (subtracted) from the payer’s account and credited (added) to the payee’s account.
What is "clear"?
400
Intentional lying or concealment by policyholders to obtain payment of an insurance claim that would otherwise not be paid.
What is fraud?
500
The original amount of money borrowed, deposited, or invested.
What is principal?
500
The minimum amount of auto insurance you are required to carry under California law.
What is $15,000/$30,000/$5,000?
500
Using the Internet to complete your banking transactions.
What is online banking?
500
A rating of your use of credit based on: your payment history, amount owed; the length of your credit history; new credit; and the types of credit you use.
What is a credit score?
500
The price of an insurance policy, typically charged annually, semiannually, or monthly.
What is a premium?
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