Loans
A financial institution that is licensed to accept checking and savings deposits and make loans.
What are Banks?
Common shares of small public companies that trade for less than one dollar per share.
What are Penny Stocks?
Taxes you pay on your earned income – salaries, wages, tips and commissions – and unearned or investment income such as interest and dividends.
What is Income Tax?
A type of decentralized digital currency that is not backed by any government or nation using blockchain technology.
What is Crypto?
The people who grant credit based on their confidence you can be trusted to pay back what you borrowed.
What are Creditors (lenders)?
Money that you borrow to help pay for school with the expectation that you will pay that money back in the future.
What are Student Loans?
Property consisting of land and the buildings on it, along with its natural resources.
What is Real Estate?
A tax on the profit you make when you sell an investment such as stocks, bonds or real estate.
What is Capital Gains Tax?
The largest stock exchange in the world.
Clue: It's on Wall Street.
What is the New York Stock Exchange?
Your record of borrowing and repaying funds
What is Credit History?
Loans that can be used to cover a number of personal expenses.
Clue: The answer is in the statement.
What are Personal Loans?
A type of security where an investor loans a sum of money to a government / company for a set period of time, and in return receives a series of interest payments (the yield).
Clue: The US Treasury issues these.
What are Bonds?
A tax that applies to the value of your real estate - may also apply to business inventories such as cars, boats or other vehicles that you own.
What is Property Tax?
Biggest tech stock (by market capitalization).
What is Apple?
A prediction of how likely you are to pay a loan back on time based on information from your credit reports (this is a numerical value).
What is Credit Score?
The monetary charge for borrowing money.
What is Interest?
Large companies with strong brands, financially sound businesses and consistent earnings and cash flows. (Apple, Microsoft, etc.)
What are blue chip stocks?
A tax on retail products you purchase based on a set percentage of the cost of the item you purchased - typically used by state and local governments.
What is Sales Tax?
Currently the highest share price on the stock market.
What is Berkshire Hathaway?
A method of purchasing goods that is provided by banks and allow customers to borrow funds within a pre-approved credit limit.
What is a Credit Card?
A type of loan you can use to buy or refinance a home.
What is a Mortgage?
A mutual fund that is designed to track a specific index of stocks, bonds, or other types of investment
What are Index Funds?
A tax placed on products imported from other countries - paid by the consumer buying the product, not the foreign country or importer from which it came.
What are Tariffs?
The name for a market in which prices are falling, encouraging selling.
Clue: We are currently in one.
What is a Bear Market?
The amount owed by the borrower to the lender.
What is Debt?