Banking
FV = P(1+r)n
What is Compound Interest?
A form of credit shaped like a rectangle
What is a credit card?
When to start a retirement plan.
What is 18?
A type of security.
What are stocks.
This acts as insurance for lenders in case you are unable to pay back the money you owe.
What is an PMI?
Fastest you can get money.
What is Liquidity?
The 3 main Credit unions.
What are Equifax, Experian, and TransUnion?
Lowes, Apple, Amazon
What are 401k plans?
This occurs when a stock rises in price.
What is Capital appreciation?
The amount of a house that you own.
A bank for Banks.
What is the Federal reserve system?
The amount of loan interest that has already occurred, but has not yet been paid.
What is Accrued interest?
Do it yourself and Advisors.
What are IRA companies?
The way that companies give back to their shareholders.
What are Dividends?
Borrowing money against the available equity of your home.
Banks location in districts
What are credit unions?
A court proceeding where you tell a judge you can’t pay your debts.
What is Bankruptcy?
You make contributions with money you've already paid taxes on (after-tax), and your money may potentially grow tax-free, with tax-free withdrawals in retirement, provided that certain conditions are met.
What is Roth IRA.
Selling your stocks at a higher price then when you bought them.
Covers damage from external sources, but not damage that you cause yourself.
What is Homeowner's insurance.
The least liquid asset
What is a Real estate?
APR
What is Annual percentage rate?
"Rolled over."
What is Rollover IRA.
When you buy stocks you don’t want to just invest in one market
What is Stock Diversity?
A loan on a house.
What is Mortgage?