Insurance
Banking
Vocabulary
Simple Interest
Taxes
100
If you have property damage liability of $500, and you cause $50 worth of damage, how much does insurance pay?
What is $50.
100
The money your bank account starts with.
What is the beginning balance
100
This covers damage to your car when you hit something.
What is collision.
100
Interest earned=Principle*Rate*Time
What is the simple interest formula
100
The number of hours you worked.
What is the pay period
200
What kind of insurance covers the medical care of passengers in your car if you get in an accident?
What is PIP.
200
The money you add to your account.
What are deposits or credits
200
This covers damage to your car if something hits you.
What is comprehensive.
200
This is in months
What is the time
200
The money you make per hour
What is the rate
300
The cost of a policy.
What is a premium.
300
The money that gets subtracted from your bank account.
What is a debit.
300
When a holder submits a bill to insurance to pay covered expenses.
What is a claim.
300
1000= 2000*.05*____
What is 10
300
The pay rate for $10per hour rate and 36 hours worked.
What is $360
400
The firs amount of money you pay for a policy.
What is a deductible
400
An Item that hasn't been subtracted from your bank account.
What is an outstanding item.
400
These are certain events when insurance doesn't pay anything.
What are exclusions.
400
4000=____*.20*10
What is 2000
400
The way you calculate overtime
What is rate*time and a half (for all hours over 40)
500
How the insurance company looks at a insurance policy.
What is "what you will pay in".
500
The money your account ends with
What is an ending balance.
500
This shows that someone has liability insurance.
What is SR22.
500
_____=2400*.30*5
What is 3,600
500
The money made for a $9 rate for 47 hours (calculate overtime)
What is $454.50
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Rawwwr! By Sarah Chamberlin
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