insurance
Insurance
What is protection from loss, agreeing to pay a premium to avoid higher cost and transferring risk to the company.
Direct tax
What is paid to government directly
Credit
what is buying expensive items with fixed monthly payments
Preferred stock
What is no voting rights and fixed dividends
Factors to consider when investing
what is risk tolerance, interest rate, economic conditions, taxes, length and access to funds.
Premium
What is amount you pay for your insurance policy.
Indirect tax
what is collected when paying for goods or service
Credit Cards
what is plastic cards issued by banks, stores or businesses
levels of risk
what is aggressive, moderate and conservative
Stock
what is share ownership in companies
Insurance Claim
What is request field by the insured in the event of loss
Proportion tax rate
what is tax rate is the same for all tax levels
unsecured credit
what is not backed by a deposit but by credit history and financial strength
IRA
what is set aside portions of income for retirement fund
Dividends
what is profit payouts on stock shares
Types of car insurance
what is Bodily injury, liability, property damage, and collision
Regressive tax rate
what is tax decreases as income increases
Why are credit scores important
what is the higher the score the more credit worthy
Bonds
Liquid
what is easily converted to cash
Comprehensive Car coverages
what is loss of car in non collusion situation
Progressive tax rate
what is As income increases tax increases
Credit scores are based on
what is payment history, amount owed, length, new credit and types of credit
Mutual Funds
FDIC
what is protects your bank deposits