Payroll
Type of investment that is least risky.
What is a Savings Account?
Medicare is health insurace for
Who are persons aged 65 or older?
The three C's of credit
What are credit, capacity, and character?
This is a statistical analysis that compares your repayment history to that of others
What is your FICO score?
When you write a check to pay off your credit card, but you do not have enough funds in your checking account to cover the amount of the check
What is bounce?
Your take home pay.
What is Net Pay?
The amount of your income that financial experts suggest you save each month.
What is 10 percent?
In a credit transaction, this person primarily agrees to pay the loan back
Who is the borrower?
A credit agency must delete negative information from your credit report after this many years
What are 7?
To reconcile your checkbook at the end of the month means to
What is balance your checking account against outstanding checks and deposits?
Your total paycheck before any deductions are taken out is called
What is Gross Pay?
Medicaid is health insurance for
Who are low-income individuals?
This person is equally liable for debt on a loan or credit card
Who is the co-signer?
This statement is true or false: Credit can be a valuable asset because it allows you to spend as much as you want without having to budget for your expenses
What is false?
"For Deposit Only" is an example of
What is a restrictive endorsement?
FICA stands for
What is Federal Insurance Contribution Act?
The benefit of investing in a 401K plan is that pre tax-dollars
What is not taxed when they are deducted from your paycheck?
To establish a good credit rating, the best thing to do would be to
What is pay more than the minimum before the due date?
A public record showing that the home’s current owner owes someone money
What is a lien?
A routing number on a check tells the bank
What is where to send the check in the clearing cycle. A check number is for your own reference to mark in your checkbook register to keep track of the check?
Mutual funds consists of
What are stocks from multiple/different companies?
When budgeting, a deficit is
What is when you are short money?
Using your home as collateral for a loan is an example of
What is secured financing?
A point on a mortgage loan is equivalent to
What is one percent of the mortgage amount?
PMI stands for
What is private mortgage insurance?