Money you earn on your principal in the bank or money you pay the bank on top of your principal.
What is interest?
100
Businesses that turn your check into cash.
What is check casher?
100
The meaning of ROI.
What is Return on Investment?
100
THIS is the money the insurance company wants you to pay BEFORE insurance will pay.
What is a deductible?
100
THIS retirement plan is funded by people on their own and has nothing to do with a person's employer. THIS retirement plan is taxed when the money is pulled out.
What is IRA (Individual Retirement Account)?
200
These are the three savings vehicles.
What are savings account, money market, and Certificate of Deposit (CD)?
200
A number that measures your financial responsibility
What is credit score?
200
A plan that helps you to put your money away to save for college.
What is a 529 plan?
200
THIS is what you make when you want insurance to help you pay for something.
What is a claim?
200
When a company shares the profits with the shareholders, they pay THIS.
What is a dividend?
300
These are the 3 different types of financial institutions.
What are retail banks, online banks, and credit union?
300
A business that gives you loan (cash) now and you pay it back when you get paid (paycheck) later.
What is payday lender?
300
The FAFSA
What is Free Application for Federal Student Aid?
300
When you start a new job, you will need to fill out THIS.
What is a W-4?
300
If you invest in a bond, you will receive THIS on a periodic basis.
What is interest?
400
How easy or difficulty is to turn your assert into cash.
What is liquidity?
400
Another name for credit score.
What is FICO score?
400
A long-term Rental Agreement
What is a lease?
400
When someone illegally obtains your personal information and then impersonates you.
What is identity theft?
400
Investing in a mutual fund allows a person to invest in many DIFFERENT assets, which is also know as THIS.
What is diversification?
500
The FDIC is this.
What is Federal Deposit Insurance Corporation?
500
The 3 Credit Reporting Agencies.
What is TransUnion, Experian, Equifax (TEE)?
500
A special loan for buying real estate.
What is a mortgage?
500
A number that can be associated with your educational records, employment history, medical information, and your financial history.
What is Social Security Number?
500
THIS type of retirement account does not give any tax benefit NOW, but is tax-free when the money is pulled out later.