Insurance
What is Insurance
Two types of credit
What is Credit Cards and Installment Credit
NYSE
What is the New York Stock Exchange
Two types of stock, the first with voting privelage and the second without
What is Common Stock and Preffered Stock
Taxes paid straight to the government, also known as "income tax"
What is direct taxes?
Request filled by the insured in the event of a loss
What is a Claim
Used to buy expensive items, payed with fixed monthly payments, such as cars and car payments
What is Installment Credit
What is a Dividend
Betting on the future price of a common product
What is Futures
Taxes paid when purchasing a good or service, also known as "sales tax"
What is Indirect Taxes
The person purchasing the insurance
Who is the Policy Holder
Issued by banks, stores, businesses, used to purchase goods and services, most common type of credit, secure or unsecure
What is Credit Card
I.P.O
What is Initial Public Offering
Loaning money to government, companies, etc. with a fixed interest rate
What is Bonds
Tax plan that as your income increases, so does your tax rate percentage
What is Progressive Tax Plan
Pays for property, vehicle, and legal fees
What is Property Damage Coverage
APR
What is Annual Percentage Rate
Combines multiple share prices into one clean number
What is an Index
Retirement fund, setting aside part of income each year, funds may be withdrawn at 59.5 years old
What is IRA/Individual Retirement Account
Your total income after taxes every year
What is Net Income
Pays for losses in a non-collision situation, such as theft
What is Comprehensive Coverage
Based on payment history, amount owed, length of history, new credit, type of credit
What is Credit History/Report
Tracks 500 of the largest companies in both the NYSE and the NASDAQ
What is S&P500
Many funds collected from many investors, purchase stocks/bonds in greater amounts, gaining more money with a higher risk
What is Mutual Funds
Tax plan that reduces your tax percentage rate as you earn more income, system is rarely ever used
What is Regressional Tax Plan