Terms 1
Vehicle Identification Number
This is PCP in insurance stands for.
What is a primary care physician?
This is what HMO stands for.
What is a health maintenance organization?
This is the person who is renting.
What is a tenant?
This is the landlord or person leasing the apartment.
What is a lessor?
Type of loan where the interest rate stays the same usually over a 30 year period or so.
What is a fixed-rate mortgage?
What is a variable rate mortgage?
Define lease.
What is a contract for a rental agreement?
Electricity, water, and sewer are examples of this.
What are utilities?
The abbreviation for primary care physician.
What is a pcp?
This is a risk management plan.
What is a plan set to protect you from financial bumps in life?
A purchase that will use up a large chunk of your available cash or credit limit.
What is a major purchase?
Health, auto, home/renters, life
What are 4 major types of insurance?
When you get work done on your car, when you even get an oil change, the place needs your VIN number. Tell me what VIN stands for.
What is your vehicle identification number?
Define depreciate.
What is something that loses its value very quickly?
-taxes and fees will be lower on a less expensive car
-you can lower your monthly payment by putting more money down
-a lower interest rate will mean you pay less over the life of the loan.
What are points to remember when purchasing a car?
Three main things to consider when thinking about insurance, any insurance
What are age, health, and lifestyle?
the legal responsibility, obligation, or debt an individual or organization owes to another, often resulting from actions, omissions, or financial agreements
What is liability?
The primary person who inherits your things after you should die.
What is a beneficiary?
Define premium.
What is the payment you make to the insurance company?
Consumer smarts, 3 questions to consider or ponder
But, are the costs worth it?
Do you have the cash to pay for it?
If you make the purchase, will it keep you from purchasing something that you need?
Do you really need it?
****DOUBLE JEOPARDY****
The four extra types of add-ons you can insure with car insurance.
What are theft, injury, vandalism, and natural disasters?
Money set a part from your rent, in case anything should happen to the place you are living at, minus normal wear and tear items.
What is a security deposit?
Four things to consider when renting an apartment.
What are the location, style, size, and amenities?
How long is the term of the lease?
Are utilities included in rent?
Is parking available?