Finance Terms#1
The agreement between a tenant and a landlord is a:
Lease
An example of a moving-in cost is:
Security Deposit
This is something you want to accomplish soon.
Short-Term Goal?
The amount of money that you can borrow from a bank or lender.
Credit
The money that is held at the bank that gains interest
Deposit
A lease is designed to protect the rights of both a tenant and:
Landlord
Which of these is not an expense?
a. moving costs
b. furnishings
c. savings
d. budget
Budget
The money received regularly for work or through investments.
Income
How much of your available credit that you are
Credit Utilization
This is the fraudulent use of a person's private information for financial gain.
Identity Fraud
The length of time that a lease is in effect is the:
Term
The money a landlord holds to cover possible damage in an apartment is called a:
Security Deposit
The amount of money you generate from an investment.
Yield/Return
It takes money from your paycheck and puts it towards your retirement.
401k
Banks that allow users to make financial transactions through the internet.
Internet Banks
Your landlord doesn’t shovel the snow and ice off the steps to your apartment.
He is showing:
Negligent Conduct
Transaction that involves transferring money from a different account into yours.
Collections
An account that has interest that you can open at banks and credit unions.
Money Market Account
These are things that the bank owes to someone else.
Liabilities
A company that provides data to clients throughout the world.
Experian
You are renting an apartment. The faucet in your shower leaks. Who is responsible
for fixing it?
Landlord
A group that allows members to borrow money at low interest rates.
Credit Union
This is a deposit account that earns higher interest than an interest- bearing checking account.
Savings Account
This stands for the Federal Deposit Insurance Corporation and was created to keep the public's confidence in the nation's financial system
FDIC
These banks collect deposits from the public and lend the deposits for the purpose of agriculture, industry and more.
Local Banks
Rent payment is commonly considered a:
Moving-in Cost/Fixed Living Expense
This is generally considered a tax deduction and may reduce a person’s federal income taxes?
A donation to a charitable organization
The premium of a person’s life insurance policy is likely to be more expensive as a result of
Smoking
To reduce the cost of homeowners or renters insurance, policyholders should
Install an alarm system for fire and burglary
Name something that is included in a standard homeowners or renters policy?
Theft of personal property
When you rent an apartment, common flexible expenses are:
Electricity, Gas, Water
Banks and other companies are willing to issue credit cards because these financial institutions
Make money on the interest they charge on unpaid balances.
A person’s credit report includes their
History of loans and credit activities
Negative or inaccurate information on a person’s credit report will make it difficult for a person to
Acquire a mortgage loan, credit card, rental, etc.
This federal laws protects borrowers
Truth in Lending Act