Insurance
Insurance against the risk of incurring medical expenses among individuals?
Health Insurance
A number representing the “creditworthiness” of a person. There are many factors that can affect your credit report score.
Credit Report Score
It is money in the form of paper or coins issued by a government.
Currency
a feature offered by banks to protect their clients against over charging a debit card or “bouncing” a check
Overdraft Protection
Anything that has current or future value to a consumer or business
amount of money you pay out of pocket for covered medical services?
Health Insurance Copay
Legislation enacted in 1968 requiring money lenders to disclose true costs of credit transactions.
Truth in Lending Act
The frequency of at which one unit of currency is used to purchase goods and services
Velocity of Money
an asset that a lender accepts as security for extending a loan
Collateral
This is when an investor has different types of investments
Diversification
amount that the insured has agreed to pay before the insurer is obliged to pay the claim.
Insurance Deductible
Doing this will negatively impact the total amount you pay back to credit card companies.
Minimum Payment on Credit Card
It is the next best alternative to whatever it is chose to do.
Opportunity Cost
the cost of borrowing the money based on a percentage of the loan that is borrowed
Interest Rate
This is the earnings and profits given to shareholders
Dividends
No accidents, good grades, good credit are all things which will _____
reduce the cost of auto insurance.
A loan secured only by someone’s good credit score.
Unsecured Loans
Money can easily be used to buy goods and services with no complications of barter system.
A Medium of Exchange
a government bond issued by the US Treasury.
Treasury Bonds
A diversified investment in which a pooled collection of assets are invested together
Mutual Funds
guarantee that you will pay and repair damages to the other person’s car when you cause the accident.
Auto Liability Coverage
making loans to customers who are poor credit risks
Predatory Loans
ease with which an asset can be accessed and converted into cash (liquidized)
Liquidity
the interest earned on the profit from an investment
Compound Interest
any money or service owed to another party.
Liabilities