Credit
doesn't use collateral for a loan
unsecured loans
get good grades, no accidents, good credit, and drive a certain type of car are all way to what?
reduce the cost of auto insurance
it is what is given up when a choice is made.
Opportunity cost
what is it called when you automatically route money from paycheck to savings before paying any bills?
Paying Yourself First
financial market that experiences an extended period of growth above the historical averages
bull market
loans that use an item to guarantee the loan
secured loans
an insurance that will cover your bills while you are disabled or cannot work
Disability Insurance
what is the degree of ease in which assets can be sold
Liquidity
what is a member owned co-operative financial institution
credit union
financial markets that are experiencing a prolonged period of contraction or loss.
bear market
a number representing the creditworthiness of a person
Credit Reports
insurance you buy to protect you furniture, belongings, etc. in case of a burglary, fire,
or some natural disaster
Renters Insurance
Wages, rentals, interest, capital, profits, investments, entrepreneurship are what?
Sources of income
what do banks, credit unions, pawnshops, finance companies, payday lenders, tax preparers all have in common?
Institutions that give loans
earnings given to the people who are shareholders of the company stock
Dividends
amount of available credit you have relative to the amount of debt you carry
Debt to Credit Ratio
as long as you pay your premiums, the policy is yours for life, providing your loved ones with a guaranteed benefit upon your death.
Whole life insurance
who collects taxes, prints money, issues treasury bonds
Treasury Department
interest earned on interest
Compound Interest
short-term loans sold to operate the U.S. government
Treasury Bills
requires money lenders to be explicit about the true costs of credit transaction
Truth in Lending Act
insurance policy that will pay a lump-sum benefit to your family or another beneficiary of your choice
Term life insurance
Who is hurt the most with inflation
people living on a fixed
income
how long will it take to double an investment?
Rule of 72
when an investor has different type of investments
Diversification