Insurance
Investing
Finance
Credit
Budget
100
This type of insurance pays your bills (food, rent, gas, etc.) when you are hurt and you can't work.
What is disability insurance?
100

This is a tax-free investment account that you can use for retirement at the age of 59 and a half. 

What is ROTH IRA?

100
A for-profit corporation owned by shareholders that takes deposits and makes loans and offers checking accounts.
What is a bank?
100
This includes all the records of loans you have taken out and paid back over your life.
What is your credit history?
100
Expenses that do not change from month to month (like rent, mortgage, or car payment).
What are fixed expenses?
200

This type of auto insurance covers the cost to repair your vehicle when you crash.

What is collision (or full-coverage)?

200

This is the account where you would typically hold a "rainy day" fund (e.g. money you would only access if something happens such as needing new tires, having to pay an unexpected hospital bill, etc.). 

What is a savings account?

200
A non-profit membership organization that offers checking accounts, savings accounts, and loans.
What is a credit union?
200
This number is used by lenders to determine how much they charge you for interest on loans.
What is your credit score?
200
Expenses that change from month to month (like food, entertainment, or vacation).
What are variable expenses?
300

What insurance would be employed to cover an individual's medical bills if you hurt them in an accident and they had to go to the hospital

What is liability insurance?

300

This type of account is used to pay everyday or fixed-variable expenses. 

What is a checking account. 

300
The interest rate that you use to compare different loans with different characteristics.
What is annual percentage rate (APR)?
300

This is an extended line of credit established in advance, where the loan may be paid in a singular payment or a series of unequal payments (like with a credit card)

What is open-end credit?

300
These taxes are taken out of your paycheck by the federal government and used to provide income to elderly people.
What is Social Security?
400
This is the name of the money you pay every month to have an insurance policy.
What is a premium?
400

This account type is much like a saving's account but typically involves higher interest. 

What is a money market account? 

400
A type of interest that grows not only on the principal but also on all accumulated interest over time.
What is compound interest?
400

This type of loan has no interest if paid back after a month. If you're silly enough not to pay it back in a month, you pay compound interest compounded monthly.

What is a credit card loan?

400
These taxes are taken out of your paycheck and used to pay for elderly people's health care.
What is Medicare?
500
This is the money you pay out of pocket when you need to use insurance.
What is a deductible?
500

This type of account is a short-term investment in which your money will be tied up for a set time limit (that could range from 6 months to 5 years) with a guaranteed interest return on the investment as long as you don't withdraw the money until the set time limit has expired. 

What is a certificate of deposit (CD)? 

500
This government agency guarantees your deposits in a bank up to $250,000.
What is the FDIC?
500

This occurs when property is recovered by the bank or financial instition who loaned you the money for the item (usually a car or house) if you default on payments. 

What is reposession?

500

Your wages AFTER taxes and deductions.

What are net wages / net income?

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