Career ladder
This is a long-term professional path that usually requires special training or education.
What is career?
This plastic card takes money directly out of your checking account when you buy something.
What is debit card?
This is the specific type of loan used to purchase a house or land.
What is a mortgage?
This crime occurs when someone steals your personal information to spend your money or open accounts in your name.
What is indentity theft?
This is the original amount of money you invest or borrow, before interest is added.
What is principle?
This document is a one-page summary of your education, skills, and work experience.
What is resume?
This describes money that is easily accessible, like cash or a checking account balance.
what are liquid assets?
This category of assets includes land and any buildings or houses sitting on it.
What is real estate?
This is a common retirement savings plan offered by employers that often includes a "company match."
What is a 401k?
When you buy this, you are essentially "loaning" money to a company or the government for a set period.
What is a bond?
This "natural talent" or ability makes you more likely to succeed in a specific field.
What is aptitude?
This occurs when you earn interest on both your original deposit and the interest you've already earned.
What is compounding interest?
These are the fees you must pay at the very end of a real estate transaction to finalize the deal.
What are closing costs?
When you rent an apartment, you sign this legal contract between you and the landlord.
What is a lease?
This specific savings tool (CD) requires you to leave your money in the bank for a set time to earn a higher rate.
What is a certificate of deposit?
You send this letter along with your resume to introduce yourself to a hiring manager.
What is a cover letter?
This bank account usually pays higher interest than a savings account but requires a higher minimum balance.
What is money market account?
If your mortgage interest rate can change over time based on the economy, you have this type of loan.
what is an ARM?
Landlords collect this one-time payment before you move in to cover any potential damages to the property.
What is a security deposit?
This calculation tells you what a current investment will be worth at a specific date in the years to come.
What is future value?
While a "Job" pays the bills, this term describes the level of wealth, comfort, and material goods available to you.
What is standard of living?
This acronym represents the total cost of borrowing money for a year, expressed as a percentage.
What is Annual percentage rate?
In real estate, these are optional fees paid up-front to the lender to lower your mortgage interest rate.
This is the price that a buyer is willing to pay for an asset on the open market today.
What is market value?
This is a series of fixed payments made at regular intervals, often used for retirement income.
What is annuity?