Credit Cards 💳
An agreement between a leaner and a borrower who repays at a later time normally with interest.
What is credit.
Financial building where people can make deposits and withdrawals of money. Also a place to make loans.
What is a bank
Type of contract where something receives financial protection or reimbursement against losses
What is insurance.
Tax rate that decreases as income increases, higher on poor people
What is regressive tax
Choosing to find a college, getting a full time job, having a gap year, or joining the military.
What is post high school choices.
A number score from 300-850 that shows a consumer's creditworthiness. The higher the better.
What is credit score
lend,a sum of money or item of property, a sum of money that is expected to be paid back with interest.
What is a loan.
Contract between insurer and a policyholder where the insurer guarantees payment of a death benefit
What is life insurance.
Consumption tax on people for specific purchases; eating out or buying a movie.
What is sales tax.
Putting away money for a bigger goal over time.
What is saving
A type of financial cooperative that has normal banking services. They are not-for-profit enterprise that use tax-exempt status.
What is credit union
What's the difference between banks and credit unions.
What is main difference is that a credit union only provides these services to its members. Credit unions are not-for-profit organizations that exist to serve their members.
Insurance coverage that normally pays for medical bills and drug prescriptions.
What is health insurance.
Tax rate increases as income increases, higher on rich people.
What is progressive tax.
Something that helps track all expenses someone has to pay per month, making a plan for someone to keep track of spending.
What is a budget.
How a lender determines if you’re responsible with paying your debit and how worthy you are to get new credit.
What is credit worthiness.
A lender who deals with loans that are short-term, normally high interest loans available to consumers.
What is payday lender.
Provides financial aid if something happens to a structure such as damage or theft.
What is property insurance.
Tax on real estate owned by people.
What is property tax.
A form of security that shows a holder has proportionate ownership in the corporation.
What is stocks.
Referring to the annual rate of interest taken from borrowers then paid to investors. Shown as a percentage represented by the actual yearly cost over funding of loan term or investment income.
what is APR
Something offered by credit unions and banks that gives an interest rate premium with the trade that the customer holds and agrees to hold a specific amount of money for a set amount of time
what is the certificate of deposit.
Insurance for cars, trucks, motorcycles, and any other motor vehicles. Protection for physical damage or bodily harm in an accident.
What is automotive insurance.
The only tax that does not change with personal income. Related to flat taxes.
What is proportional tax
Process of planning and keeping track of all tasks in a timely manner. Using effectiveness and productivity to spend time on specific things.
What is time managment