Moolah
Exchange good without involving money
What is bartering
The amount an insured person must pay before the insurance company pays on a claim.
What is deductable
A period of rising stock prices.
what is a bull market
Something of value that a borrower lets the lender claim is a loan is not repaid.
what is collateral
A person whose job is to keep or inspect financial accounts.
What is Accountant
How long it will take to double your money at a given rate
What is the Rule of 72
A person entitled to benefits or proceeds of an insurance policy or will.
What is beneficiary
A stock market with declining stock prices.
what is a bear market
A type of open credit agreement that allows consumers to pay all or part of the outstanding balance on a loan or credit card.
What is Revolving Credit
a printed order for payment of a specified sum, issued by a bank or post office
what is a money order
The money originally invested or loaned.
What is Principle
The amount of money that patient have to pay that the insurance company will not pay.
What is Co-Pay
a person who buys and sells assets for others
what is a broker
The annual rate of interest that is chargers for using credit.
what is APR
a nonprofit-making money cooperative whose members can borrow from pooled deposits at low-interest rates.
What is a credit union
Interest earned on both the principal amount and ant interest already earned.
What is Compound
Coverage that provides protection for your residence and its associated financial risks.
What is homeowners insurance
a profit from an investment
what is a capital gain
Character Capacity Capital
What is 3 C's of credit
a clause in an insurance policy detailing an exemption from or change in coverage.
What is endorsement
A mortgage loan with the interest rate on the note periodically adjusted based on the index which reflects the cost to the lender of borrowing on the credit markets.
What is adjustable mortgage
Similar to Homeowners Insurance, but for broken appliances and such
what is home warranty
an investment program funded by shareholders that trade in diversified holdings and is professionally managed
what is a Mutual Fund
The 3 Credit Score Companies
Transunion, Experian, Equifax
Occurs when someone tries to purchase an item using a check or debit card without having money is his/her bank account.
What is insufficient funds