Insurance
the money paid to an insurance company to purchase a policy
What is Premium?
a general tax levied on most consumer purchases
What is Sales Tax?
for-profit businesses that take deposits and make loans, paying interest on the deposits and lending money at higher rates to consumers and businesses.
What is Commercial Banks?
Fee charged once per year for the use of a credit card
What is Annual Fee?
a belief in the moral value of work
What is Work Ethic?
a financial product (called an insurance contract or policy) purchased by many people facing a similar risk to protect against the risk of larger losses
What is Insurance?
a mandatory payment to local state or government
What is Tax?
Bank of America, Wells Fargo, and Chase are all examples of?
What is Commercial Banks?
amount of money that can be charged to a credit card
What is Credit Limit?
assistance and other resources that a company provides to people who buy or use its products or services
What is Customer Service?
when the act of insuring an event increases the likelihood that the event will happen
What is Moral Hazards?
Taxation of the value of property; State, Local; Proportional Tax
What is Property Tax?
on-profit, cooperatively-owned institutions that take deposits and make loans.
What is Credit Union?
an amount of money that you owe to a person, bank, company, etc.
What is Debt?
cooperative or coordinated effort on the part of a group of persons acting together as a team or in the interests of a common cause
What is Team-Work?
the out-of-pocket money paid by the policyholder before an insurance company will cover the remaining costs attributed to the loss
What is Deductibles?
income received by a government from taxes and non-tax sources
What is Revenue?
institution that specializes in mortgage and home loans and may provide the same kinds of checking and savings accounts as a bank.
What is Savings and Loans?
money that a bank or business will allow a person to use and then pay back in the future; a record of how well you have paid bills in the past
What is Credit?
action or speech on behalf of a person, group, business house, state, or the like by an agent, deputy, or representative
cash set aside that can be used to cover the costs of unexpected expenses
What is Emergency Savings?
variable amounts that you can subtract, or deduct, from your gross income
What is Deductions?
Give less products than a bank would but better returns on money put into their accounts
What is Savings and Loans?
Money paid by a borrow for use of credit or money or money earned from loaning money
What is Interest?
Demonstration includes negotiating diplomatic solutions to interpersonal conflicts in the workplace
What is Conflict Resolution?