Money
Wages, rentals, interest, capital, profits, investments, entrepreneurship
What are sources of income?
It is interest added to principal and interest earned on interest.
What is compound interest?
These are the three leading credit reporting agencies
What are Equifax, TransUnion, and Experian?
It is the amount that you have pay before the insurance company has to pay anything on a covered claim.
What is an insurance deductible?
It describes a financial market that is going up.
What is a bull market?
It describes how easily assets can be sold
What is liquidity?
It is a rule that describes how many years will it take to double an investment.
What is the Rule of 72?
This reports how likely a person is to pay his or her debts.
What is a credit report?
It covers damages to your car when it is in a crash with another care.
What is collision coverage?
It describes a financial market that is going down.
What is a bear market?
Money not allocated for food or shelter
What is discretionary income or budget surplus?
Banks, credit unions, pawnshops, finance companies, payday lenders, tax preparers
What are institutions that give loans?
It is when you withdraw cash with credit card.
What is a credit care cash advance?
It is an insurance policy that will pay a lump-sum benefit to your family or another beneficiary of your choice, if you die while the policy is in effect.
What is term life insurance?
These are the earnings given to the people who are shareholders of the company stock.
What are dividends?
This department collects taxes, prints money, issues treasury bonds.
What is the Treasury Department?
It is a feature offered by banks to keep your checking account from over-drafting when you don't have enough money in your account.
What is overdraft protection?
It is the amount of available credit you have relative to the amount of debt you carry.
What is a credit-to-debt ratio?
It is insurance against the risk of incurring medical expenses.
What is health insurance?
These are short-term loans sold to operate the U.S. government.
What are treasury bills.
It is a payment order for a pre-specified amount of money and is purchased at different types of stores
What is a money order?
It is the grace period before starting repayment of a student loan.
What is 6 months?
This act required money lenders to tell the truth about the costs of credit transactions.
What is the "Truth in Lending Act"?
It is insurance that will cover your bills while you are disabled or cannot work, with an injury or illness
What is disability insurance?
When an investor has different type of investments
What is diversification?