credit
Define Liquidity.
How fast an asset can be turned into a gain.
Liability
define rule of 72
how long it takes an investment to double in value
fastest interest rate.
compound interest
lending a company money is also called what?
bonds
maximum liability for credit ?
$50
the more expensive life insurance
whole life insurance
take home income is also ?
net pay
"paying yourself first" means ?
saving your money
you own parts of the company when you buy what ?
stocks
what's considered open ended credit ?
credit cards and revolving charge cards.
what will you pay with any insurance ?
premium
money you've earned before deductions is also ?
gross income
institution with highest interest rate is ?
finance companies
the phrase "don't put all your eggs in one basket" means ?
diversification
how long does bankruptcy stay on your credit report ?
about 10 years
insurance that is required in most states is called
Liability
define opportunity cost
the Next best alternative
grace period for student loans ?
6 month grace period
most risky and rewarding investment is?
stocks
The higher the deductible the ____?
lower the premium
Someone crashes into a pole in you car, it wasn't your fault, what pays?
Your collision
name some sources of income
wages, interest, capital gains, investments
Putting money into the bank is also called ?
making a deposit
If someone had 3 stocks, 2 bonds, and some mutual funds they have a good what?
Portfolio