Credit
What are credit cards?
Protection from potential losses.
What is insurance?
A share of ownership in many companies
What is a stock?
What is bodily injury liabilty?
Setting aside a portion of income of each year, funds are withdrawn when you retire
What is a retirement fund?
A way to prove you are responsible with money. A way to get loans.
What is credit?
Set amount paid by the insured to have an insurance policy.
Person who trades stock for clients
What is a stockbroker?
Pays for vehicle or property like a fence, garage, which you are at fault or liable, covers legal fees
What is Property Damage Liability?
A term used to define when an investment is easily turned into cash.
What is liquid?
Putting a security deposit on a card will be the limit. Also known as a prepaid card.
What are secured credit cards?
Contract stating the terms and conditions of insurance
Insurance policy?
Profit payouts on shares of stock
What are dividends?
Pays for a rental car if necessary while yours is damaged
What is rental reimbursement?
Protects your bank deposits
What is the FDIC?
Does not have to be backed up by a deposit. The limit is based on your credit history and financial strength.
What are unsecured credit cards?
The person buying insurance
What is a policy holder?
This groups stocks into one number
What is an Index?
Pays losses to your car when in a collision with another vehicle or object
What is collision coverage?
the amount that is paid out of pocket everytime you go to the doctor when you have health insurance
What is a co-pay?
Fixed monthly payments to buy expensive items such as cars, mortgages, and student loans.
What is installment credit?
A request filed by the insurance in the even of a loss
What is a claim?
Created in 1971 and used as an electronic stock exchange where investors can buy and sell on an automatic computer network.
What is the NASDAQ?
Pays for losses to your car when in a non-collision situation like theft
What is comprehensive coverage?
Money that you get from the government if you get injured while at work and are unable to make money.
What is workers comp?