Sell it
Type of sale in which regular merchandise is sold with short-term price reductions.
Promotional Sale
A type of credit in which customers pay nothing until the end of the loan period.
Single Payment Loan
These stockholders have voting rights in a corporation.
Common Stockholder
An endorsement that consists of only the endorser’s name.
Blank Endorsement
The amount of insurance coverage that was originally purchased and that will be paid upon
the death of the insured.
Face Value
Type of sale used to eliminate merchandise that stores no longer wish to carry.
Clearance Sale
a payment made that is of part of the purchase price.
Down Payment
These stockholders are paid their dividends before other stockholders.
Preferred Stockholder
An endorsement that allows you to transfer a check to another person.
Full Endorsement
This law limits your liability to $50 for unauthorized credit card purchases made prior to notifying the card issuer.
Truth in Lending Law of 1968
Items of value are called
Assets
A person’s reputation for paying bills on time.
Credit Rating
A series of regular payments made to a retired worker under an organized plan.
Pension
The most common way for a bank to be organized is as a
Hint(Wells Fargo, Bank of America)
Commercial Bank
The amount of money that an insurance company will pay if the policyholder decides the
insurance is no longer needed.
Cash Value
The difference between your personal assets and your personal liabilities is your
Net Worth
Document showing the debts you owe, how much you use credit, and whether you pay your
debts on time.
Credit Report
This savings plan allows you to earn a higher rate than a regular savings account, but you
must leave the money on deposit for a specified period.
Certificate of Deposit (CD)
When you open a checking account for the first time, you will sign a
Signature Card
Type of auto insurance that covers people in other cards, passengers riding with the insured, and pedestrians.
bodily injury liability
Results from wages, salary, commission, fees, tips, and bonuses.
Earned Income
A type of charge account that requires customers to make payments of a fixed amount over several months.
Budget Account
The percentage of money earned on your savings or investment over a year is called the
Yield
The legal process of reducing or eliminating an amount owed is called
Bankruptcy
Budget category that would include items such as medical expenses and health insurance.
Beneficiary