Loans
The vocabulary word for the length of the loan.
What is term?
The tax applied by the U.S. Government to discourage bad habits like smoking and drinking.
What is the Excise Tax (Sin Tax)?
Group Investing
What is a Mutual Fund
This is the application for students to ask for financial aide from the government.
What is the FAFSA?
This type of insurance is required by state all.
What is Auto Insurance?
This is an asset of your offered as protection for the bank from you defaulting your payments.
What is collateral?
Three times you pay taxes.
What is Earn It, Spend It, & Own It?
This is investing within the United States Government.
What are US Bonds?
This Coorperation insures banks, up to $250,000 per account.
What is the Federal Deposit Insurance Cooperation (FDIC)?
When a company shares it's profits with it's share holders.
What is dividends?
The term for the amount of interest you will pay on your loan every year.
What is Annual Percentage Rate (APR)?
IRA stands for.
Term used to determine the success of an investment.
What is Return on Investment (ROI)?
This Association insures credit unions, up to $250,000 per account.
What is the National Credit Union Association (NCUA)?
Apart of Estate planning you must decide who your assets go to, this is your ___________.
What is a beneficiary?
These are two examples of good debt.
What is Mortgage and Student Loans?
The type of employers that offer a 403(b).
Who is government entities or non-profits?
The three Major Indexes within the United States.
What are the Dow Jones (30), S&P 500 (500), & NASDAQ (2,500)?
What is the Federal Reserve (The Fed)?
When buying a stock at it's current price, with the main focus of buying the share as soon as possible.
What is a Market Order?
This is will show you how much money from each payment is going to interest or the principal, as it can change every month.
What is an Amortization Schedule?
Type of investments when funded with POST tax dollars.
What is a Roth Investment?
Term used when a company first sells their shares to the public.
What is Initial Public Offering (IPO).
The amount of Regional Federal Reserve Banks that are throughout the United States.
What is twelve? (12)
The main difference between banks and credit unions.
How is Banks are a for profit business, and Credit Unions share profits with active members?